Hi Cyndy and Tom,
It is hard to believe this deal!! $5,500 positive cash flow a month!!!!!
This is the Farm that I did rent-to-own with an option to purchase. It is a 46 acre horse farm with house, barn and indoor stables to house 24 horses.
I have the option to purchase the property for $700,000, and I’m selling the property for $850,000. I received an option fee of $18,000 to start!
The monthly cash flow is outrageous. I receive $4,500 per month as an option fee for 24 months equaling $108,000! Not to mention the $1,000 per month in rent. I originally leased the property for $1,500 per month, so I get to keep everything else!
Total Profit: $150,000!!!!!!!!!
Thank you, Ron and mentors, for the knowledge you taught me to make this a win-win for everyone.
Tom Cochran
congrats. keep up the good work.
Congratulations Tom, awesome job!
Can you explain to me how this works in getting $4500 as an option over and above $1000 rent? What made the lease buyer accept 2 different costs?
Also am I correct in saying your positive cash flow should be $4000 since you pay out $1500 as a lease payment to the seller?
Regards,
Gilbert Meilleur
gilbert@providentialhomes.com
Great job Tom! Keep up the great work!
Awesome! Congrats.
Hi Gilbert,
Here is the deal – he is paying 1500 a month to his seller for rent. He is charging 2,500 a month to buyer plus $4,500 a month for option fee for three years!!! (so that is 5,500 a month) This was a property that no one was living in and vacant for quite a while! He did an awesome job – Cyndy
Congrats!
Wow! What a great deal!
I am so happy for you.
Nicely done Tom…Great business strategy.
Hello Tom, thanks for the great success story! It is very inspiring and well worth reading. Your deal is quite motivational, the profit of $150,000 is like WOW and dedication you have is amazing! Keep on investing, moving forward and make us all proud of you and your investing experiences. Take care.