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Amanda Category: Business Strategies
Current Grade: A-
Total Views: 702
Member Comments: 3
Posted on: 05/14/2007
Posted by: Amanda
Blog Points: 96
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Hi,  I have access to a Model Lease back in Hamilton, OH.   The builder will pay us $2,752 a month for the lease payment! The builder will also pay HOA fees ($25 a month), utilities, maintenance and upkeep!! The investor will pay for the monthly mortgage payment, taxes and insurance. The initial lease is for one year, with options to renew every six months, four renewal periods total are possible (which could extend the lease up to a total of three years)!! The builder will give the investor a notice of their intention to renew 30 days before the end of the lease.  Purchase price is $275, 258.  We will need to have 10% down.  I have Great credit,  my partner in this will need to have the $.  My $ is tied up in another property right now.  Let me know if you interested and we will take it from there.

Thanks, Amanda

310-800-4404

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Matt Miller - Content Director
Admin
Posted By: Matt Miller - Content Director on 05/30/2007
It's a decent deal as far as cash-on-cash return after all expenses. The upside is that the seller is paying down a couple years of the mortgage on the property and your investor will be making around a 5% return on their investment depending on the tax rate. It beats having the money in a CD earning the same interest but being taxed and not having someone else pay down the mortgage for you! Good luck
 
MC Homes LLC
Ambassador
Posted By: MC Homes LLC on 05/26/2007
I don't totally understand what the deal is.  Is it similar to this:
http://buyrenthouse.net/garreturn.html
 
MsRiteOne

Posted By: MsRiteOne on 05/15/2007

I am not able to partner with you yet, but I do have a source that may be able to assist you. Go to Payout1.com and you will get a little more info.

Angel

If there is a Will, We will make the Way!!