Hi Cyndy and Tom,
We wanted to share our latest deal–we are going to be making $100,000!!!
ARV: $200,000
Purchase Price from HUD: $100,821
Private money loan at 10%: $130,000
Collect at closing: $29,179
Repairs: $10,000
Sell on lease-option: $199,900
Collect Down Payment: $25,000
Monthly payment on $130k: $1,083
Monthly payment on lease-option: $1,500
Monthly spread is $417 x 24 months: $10,008
Cash out: $174,900
Loan: $130,000
Collect on back end: $44,900
Cash at closing: $29,179
Down payment: $25,000
Monthly spread: $10,008
Collect on back end: $44,900
Total: $109,087
Less repairs: $10,000
Total Profit is $99,087!
That is a $100,000 doing it Ron’s way!!
Thank you for being awesome mentors!
Eric and Barry Sandhaus
Homes to Own, Apopka, FL
Great deal! Keep it up!
Way to go, guys! -JIMBO
Great work guys, congratulations!
Awesome work! I can’t wait to get my first deal.
Congrats guys…That is Sweeeeet!
Hello Eric & Barry,
Congratulations and good job on the motivation! I am proud of you and your efforts. Glad to read that you made some good choices 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
Hello again Eric & Barry,
Congratulations and good job on the real estate deal! I am proud of you and your efforts. Glad to read that you made some good investing decisions and are becoming successful real estate investors. I am new to Planet Ron, and am still 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 Eric & Barry,
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.