Hi Cyndy and Tom,
It is hard to believe this deal!! $5,500 positive cash flow a month!!!!!
This is the Farm that I did rent-to-own with an option to purchase. It is a 46 acre horse farm with house, barn and indoor stables to house 24 horses.
I have the option to purchase the property for $700,000, and I’m selling the property for $850,000. I received an option fee of $18,000 to start!
The monthly cash flow is outrageous. I receive $4,500 per month as an option fee for 24 months equaling $108,000! Not to mention the $1,000 per month in rent. I originally leased the property for $1,500 per month, so I get to keep everything else!
Total Profit: $150,000!!!!!!!!!
Thank you, Ron and mentors, for the knowledge you taught me to make this a win-win for everyone.
Tom Cochran
congrats. keep up the good work.
Congratulations Tom, awesome job!
Can you explain to me how this works in getting $4500 as an option over and above $1000 rent? What made the lease buyer accept 2 different costs?
Also am I correct in saying your positive cash flow should be $4000 since you pay out $1500 as a lease payment to the seller?
Regards,
Gilbert Meilleur
gilbert@providentialhomes.com
Great job Tom! Keep up the great work!
Awesome! Congrats.
Hi Gilbert,
Here is the deal – he is paying 1500 a month to his seller for rent. He is charging 2,500 a month to buyer plus $4,500 a month for option fee for three years!!! (so that is 5,500 a month) This was a property that no one was living in and vacant for quite a while! He did an awesome job – Cyndy
Congrats!
Wow! What a great deal!
I am so happy for you.
Nicely done Tom…Great business strategy.
Hello Tom,
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
Hello again Tom,
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 a successful real estate investor. 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 Tom,
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 Tom,
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.