OfflineMy business partner and I are looking to find anyone who we can network with and share information. We are excited to be with the DG family and would like to provide a WIN-WIN situation. Thanks and hope to get lots of responses.
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Anyone Looking to partner with deals in SWFL area
Posted on: Mon, 06/06/2011 - 12:33
I am in NCFla and am newbie with small exposure to my own investing from the 1980's & 1990's.
I have a N Fort Myers opportunity on Barrett. House appraised 5 months ago at 249,000.
Owner has 5/3rd bank mortgage of 65k (for thirty years-385.00 month-restructured w/ obama).
Person who is Lease Optioning property from owner is paying 1000.00 per month and 200.00 of it goes towards purchase price.
There is a 5 year balloon to pay off owner.
Owner does not want to wait on balloon for total amount. Owner wants 100k in pocket and 65k note paid off.
Not sure how to get this completed. Could 60k note be sold at discount and new buyer finish holding note, or restructure with lease option buyer?
Not a distress sale but owner has business venture out of state and would like to use the dollars in lieu of waiting.
House is totally redone professionally, new appliances, impact windows, seperate appartment, seperate work shop w/ office.
Please send a PM and advise if interested.
Thank you and look forward to win-win.
Hi Cowboykidd and welcome to the DG family in Florida. We are in St. Pete. Where are you?
Lois Ermatinger
RE/MAX Preferred
I have been looking for others to partner/network with. Have been looking at FSBO properties. Have to start with assigning and lease options. lousy credit/no cash, am very determined. Stay in touch
Kindly go to this website www.cash4cashflows.com/sokonedo and submit the complete details about the Barrett property and I will help you run it through to some of my buyers. Please include other details of the property like interest rate, date of sale, date of purchase,credit score of the owner, number of yrs the balloon is supposed to be refinanced for either 4 or 5 yrs time, address of property, date of monthly payment, How many payments have been made towards the loan, number of payments remaining, and the least amount you think the owner will be willing to sell for since he wants 100k in pocket and 65k note paid off?
Feel free to include your nbr for a follow up call at the website.
Regards as I look forward to this win-win.
"A blessing is never a blessing not until you have passed it on to someone else".
Hi, I'm excited to be here and you have an awesome partner here, my areas lots of deals and right now sounds great the win-win situation but I'm not looking to make lots of money now, well not yet but what I'm looking for its how to get me going and make a couple deals in other words I have lots of fear and I need to get rid of it..
Ft Myers/Leigh Acres/Naples area
Us too, we are working on our buyers list/sellers list and put out our marketing info and signs today. we have our website finished and our business cards came back from printer. We are excited. Stay in touch...Chris
Just taking it one step at a time but so far we love the support from DG and his family of users. Best wishes for you and your partner.
Chris