A CASE FOR CREATIVE

What can a creative deal look like? Luther Wilson III and Tanur Badgley are joining us on Tuesday, February 14th to share a few case studies. To get you started we have a high-level overview of a few of their deals. Be sure to visit the MAREI Blog (MAREI.org/Blog) to read more on the deals below. Be sure to come ready to learn more about how they all worked out on the 14th. Register for the meeting at MAREIorg/February

Seller Finance The End Buyer

Investor purchased, renovated, &refinanced to a permanent loan Investor was all in at $199,000 & after refinance had a $1,320 payment. Value was $235,000, they sold for $255,000. The buyer put $40,000 down and had a payment of $1,758 Between the refi and the buyer's down payment, the investor only had $14,000 left in the deal & pocketed over $400 a month

Another Seller Finance

Investor purchased for $80,000, rehabbed for another $86,000 Value after repair was $205,00 and they refinanced to a permanent loan They sold the house with seller financing at $224,500. Buyer put down $20,000 which brought the investor to zero in the deal. They have profit on the spread between all in and sale price Plus monthly cash flow

Subject To And Seller Finance

Original owner bought high in the last few years but financed at a low interest rate. Owed too much to sell at today's prices & pay closing cost plus commission. Investor bought at full price, taking over payments of sellers mortgage and paying closing costs & commissions Investor then Seller Financed at a higher sales price. The end buyer paid a down payment that reimburses investor for buy costs. The new seller financed loan is at today's interest rates, while the payments made on the subject to mortgage to is at old low interest rates, creating a great cash flow.

See more on all 3 Case Studies

MAREIorg/LutherWilson

MAREI.org/TanurBadgley