I was able to buy a townhouse with seller financing in St. Johns County, FL using the Ron LeGrand system. The FSBO lead came from Ron’s Gold Club.
My mentor, Barbara Cockrell, walked me through every step of the process and offered creative ideas that made a difference in structuring the deal.
She helped me complete the purchase and sale agreement. I bought the home for $178,000 with nothing down with owner financing, a $1300 monthly payment with a 7-year balloon, and I paid the closing costs.
My exit strategy is to lease-purchase to a tenant buyer. I expect to sell it for a lease purchase of $188,000 with a $1475 monthly lease payment and a large non-refundable option deposit.
If my first tenant buyer does not close then I will keep the non-refundable option deposit and increase the price and sell to another lease-option buyer since I have a 7 year term.
Ross McCabe, Jacksonville Florida
Congratulations Ross!
congrats great job Ross!
Hello Brent,
Congratulations and good job on the deal! I am proud of you and your efforts. Glad to read that you made some good money and are becoming a successful real estate investor. I am new to Planet Ron, and am working on my first deal. One day I too will be able to post a success story like yours. Take care, keep up the good work, and keep on investing.
Bye for now,
Robert
Thanks for sharing! I would love an update on how this deal panned out! I hope you got all you wanted!
Hello Ross,
Congratulations and good job on the seminar! I am proud of you and your efforts. Glad to read that you made some good investing decisions and are becoming a successful real estate investor. I am new to Planet Ron, and am working on my first deal. One day I too will be able to post a success story like yours. Take care, keep up the good work, and keep on investing.
Bye for now,
Robert
Oh by the way Ross,
How many other deals have you done since this one? It would be interesting to find out what other deals you have so we can all learn from you experience and perhaps use that knowledge to help ourselves make us successful. Thank you and take care.
Hello Ross,
I am working on a deal right now and hope you are reading this comment so as to replying and giving me some words of encouragement, advice, and support. I sure could use it so that I too can be a successful investor! Maybe I’ll hear from you soon? Take care.