Barry Cupp

Screen Name: Cupper

Cupper
Points: 69
Columbus, Ohio
United States
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My Details
Activity Level: Full Time
Investing Since: 1999
Reason on REI: Expand to New Markets
Investor Networking
Other Website: www.bcupprealestate.com
Member Since: 08/26/2008
Last Login: 01/21/2009
Columbus, Ohio is Cool!

Little known fact:

According to Forbes Magazine, Columbus, Ohio is currently the 3rd-ranked overall real estate market, and the 2nd-best retirement city in the nation.

Todays Hot Deals

I have Buyers Who Will Pay You $80k for a Home,
No Matter How Cheap You Buy It. Make $20k - $30K
or More!

Hi fellow investors,

Looking for someone to buy a bargain home, then sell it to my buyer on a lease-option or land contract until he can qualify for conventional financing. It's a big school district. Lots of foreclosures. Not hard to find good deals there.

As mentioned, you'll have a sure-fire buyer already lined up, and I don't want anything out of the deal -- seriously. The buyer is a good renter of mine. I told him I'd help, but I really don't have time to do this since I started a new business recently. It should be a pretty good money-maker for someone if they take a the time to look at this.

The Good
You willl receive a steady monthly cash flow of $800, and get a lump sum payment of at least $20k when the buyers get financed. The buyer wants a purchase price of $80K (or whatever will keep his payments at $800). He does not care what you paid for it originally. He just needs a home in the SW School District of Columbus, Ohio. He and his family are not picky, but if the home is in decent condition with a yard that would be a big plus.

The Bad
In order to make $20k on this, you'll just need to find a bargain home that appraises for $80k, in which you paid $60k or less (including costs). Shouldn't be too hard in this market.

The Ugly
The buyer's credit scores are in the low 500's. (I know) but while waiting on the scores to improve you'll at least make an awesome cash flow with the $800 payments that the buyer has agreed to pay.

So, to sum it up you will get:

 - a bargain home in Columbus, Ohio for less than $60k

 - a monthly cash flow of $800 per month (awesome)

 - and receive a lump sum profit of $20k (or more) when the buyers do qualify.

The buyer has agreed to earnestly improve his credit and get the home off your books. He's been renting from me for over 2 years at $800 per month. Never late (He's good people). Excellent income ratios, and has been at the same job for over 7 years. We are enrolling him in a credit improvement program this month. I hate giving him up as a renter, but I want what's best for him - not me.

I will do all I can to make this deal work for you. I'll even find a great property and do the appraisal work for you if you live out of town. Columbus is truly a great place for real estate investments. Forbes Magazine calls it "The 3rd best place in America to invest in - period".

So pick up the phone and call me to talk more in detail. I want you to win in this too. Thanks for considering it, and have a good one.

Barry Cupp
WebMLS, Inc.
Columbus, Ohio
 614 762-3643  direct
 614 474-1525  fax
barrycupp@gmail.com

About Me

Began Real Estate Investing Career Rehabbing Homes in Iowa & Ohio

Real Estate Agent in Columbus, Ohio

Residential & Commercial Investment Property Specialist

Financing Short Sale & REO Flips in All 50 States

Have a Good One!

Wishing everyone great success.

Barry S. Cupp

 

 

 

"Success is not for the timid. It is for those who seek guidance, make decisions, and take decisive action."   -- Jose Silva

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