Tuesday, April 28, 2009

The pics on the left side of this blog are...

...(are) of a home I just bought in order to to rent out with option to buy. I would have bought it even if I hadn't already had a lease-option buyer before I closed escrow, but I actually did get that renter, which was lucky.

I advertised on the web and I was able to get private financing too. Should make a couple of hundred/month, as well as about $5K after a year or so renting.

I'm giving the renters $150/month of their $650 rent toward equity (read: their down-payment at the end of the option). I may simply owner-finance it myself too, if I can get a decent rate (7-8% (many owner-lenders are getting from 9-11%)--just for a while, until the renters can get their own better financing).

Anyway, there are lots more homes around here for sale like this on my website. I sold this one for $44K, fully furnished (That's how I got it--from a quasi- probate).

Want to know more about this easy way to build a real estate portfolio. There are lots of things to buy that teach you, but I'm free! Leave me a message at: jimgive@gmail.com and I'll send you my sites free. (Opt-out at anytime, but I believe you'll find them very interesting, indeed).

--Jim

No comments: