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Owned by Shawn

Investor Savvy RE Agents

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Investor Savvy RE Agents educates real estate agents on subject-to and seller financing strategies, unlocking your full sales potential.

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Skoolers

179.7k members • Free

Wholesale Real Estate

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Distressed Buyers Club

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Mindset Behind Real Estate

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48 contributions to Investor Savvy RE Agents
Not every deal is a deal
One of our clients found a seller opening to owner financing. After speaking to the owner he presented terms: PP- $150,000 Down- $45,000 Term- 20 years Balloon- 7 years Interest- 8% I did everything within my control to tell the buyers we could find them a better deal…. Especially with the current condition of the property. Most of the time we have been able to get people to see the light and move on, not this one. Even though we closed the deal and made money, it didn’t feel like a win. In the end I know we can only do so much for our clients and it’s their decision but it stings the pride when we don’t get the opportunity to create a win-win for all parties involved. On to the next deal! Tell me your thoughts on this deal?
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I'm a wholesaler
This is Gray I have deal can anyone tell me if it's good or bad and how I can make it perfect. I can talk to seller. Type: 4-unit property Condition: Turnkey, no rehab needed HOA: None Estimated Rent: $5,000/month (combined units) Mortgage Details (Existing FHA Loan) Loan Balance: $270,000 Loan Type: FHA 30-year fixed Interest Rate: 3.7% Monthly PITI: $2,790 (includes PMI of $159) Seller’s Situation Seller wants to retire Looking for steady monthly income and no management responsibilities Deal in TX
0 likes • Nov 17
Are you paying cash for the difference of the $587k purchase price to the $270k loan balance? If you getting a seller carry what are terms? That will paint the picture of whether it’s a good deal
1 like • Nov 17
Most investors are looking to structure a deal with 20% all in including down payment, closing costs and assignment fee’s. Unless she would agree to some low numbers on the seller carry side it could be a tough deal to move. It’s like a see-saw, if she wants more down payment she will need to give up something bigger on the other terms
Structure a deal
I need help in structuring a deal. Seller lost her husband some time ago and lost her 21 year old son to cancer. She wants to move closer to her daughter so she is wanting to sell this property. ARV of the house is about 380k. She is wanting around 350k as she knows she can get that. She owes 140k on the property with a VA loan of 3.2%. Property is located in OH, 43004 Feel free to call me if anyone would like to help me structure this so I can help her without ripping her off. Seller is super easy to talk to. 206-822-8019
0 likes • Nov 17
Would this be a rental or for a flip? If it’s for a flip you’re in it for $35k plus rehab with a $200k spread with minimal holding costs. That looks like it could be a great deal if you have the $$ to rehab. If your looking at as a rental it’s largely going to be determined by your strategy.
0 likes • Nov 17
@Ankit Jain I presume this would be a long/short term rental play then. If it’s turn key ready I’d structure it something to the following (you can adjust to fit your numbers): Sub to remaining $140,000 Seller carry- $210,000(adjust for down payment if required) interest- I wouldn’t bring it up unless they do. Ideally 4% or less Term- 30 years. Combine with the balloon if needed to keep payments to seller affordable. Balloon- don’t use unless you need it to get the deal through the finish line. Start with ballooning just the seller carry side, balloon the whole deal if absolutely necessary. 7 year minimum balloon term.
Spamming within community
This community is for all members to learn about subject to and seller finance. Spamming our members will not be tolerated under any circumstance. If I find people spamming members or the general message board with things of no value to this group they will be removed immediately. We are all here to learn, grow, tell success stories and build an empire community together to help each-other succeed. If you have any questions please feel free to send me a message.
Hero or Zero. Sound off below
Some investors swear seller financing is the best-kept secret in real estate. Others say it’s just a ticking time bomb waiting to explode. Who’s right? If you’ve used seller financing, was it a genius move or a giant headache?
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Shawn Hart
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@shawn-hart-3934
Real estate agent/investor. Built a million dollar business by age 28 buying rental property. Now a licensed agent to help others build wealth.

Active 20d ago
Joined Sep 30, 2024
Commerce, GA
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