Buy With No Credit No Money Nothing Down Creative Real Estate Investing -
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Remember when I did my first deal last year 11/10/2010 and made $4000 on a condo and here it is the same date but a year later 11/10/2011 this time this is the biggest deal of the year $7500 and attached the copy of the check.
But here’s the numbers I bought a 4 bed 2.5 bath 2445 sqft for $191,000 which was the balance of the mortgage and $1500 per month for 8 year term and I sold it for $205,000 with $7500 down to Tenant/Buyer at $1600 per/mo with $300 month rent credits for 1st year only and it’s a 4 year term.
I know I am only making $2900 on the back end but I think you taught me to get the most down now “right” just in case they do not exercise there option and resell again, I like the money now idea. Read more…