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Chris Harrell
  • Ashville, OH
9
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16
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3/1 Columbus OH with buyer in place - $36k gets you $68k

Chris Harrell
  • Ashville, OH
Posted Apr 19 2015, 11:29

I just went over 57 pages of my mortgage docs and found out I can't even lease-option the property, let-alone wrap the mortgage. I'm creative with strategy, so here's what I've got:

239 N. ******* Ave, Columbus, OH 43204
with the buyer in place and terms already negotiated.

Buyer Info:

Credit Score 745
Background - Spotless since 2009

Agreement:

Purchase Price: $51,891.96 (Includes Appliances)
Down Payment: $5,895.98 ($1,000 goes towards 50% of the appliances)
Note for: $45,995.98
8 year term - 96 months
8% interest
Payments: $650.23 per month for 96 months

Total $62,422.08 monthly payment
Total $68,318.06 with down payment

I was thinking $36,000 packaged and ready to go. When you get the down payment, you are only out of pocket (or out a private loan of) $30,104.04.

With the purchase, I would pay off my previous mortgage, youI just went over 57 pages of my mortgage docs and found out I can't even lease-option the property. I'm creative so that everyone can get what they want.


I was wondering if you would want to buy:

239 N. Oakley Ave, Columbus, OH 43204
with the buyer in place and terms already negotiated.

Buyer Info:

Credit Score 745
Background - 2 offenses in 2009 with reasonable explanation (They are no big deal)

Agreement:

Purchase Price: $51,891.96 (Includes Appliances)
Down Payment: $5,895.98 ($1,000 goes towards 50% of the appliances)
Note for: $45,995.98
8 year term - 96 months
8% interest
Payments: $650.23 per month for 96 months

Total $62,422.08 monthly payment
Total $68,318.06 with down payment

I was thinking $36,000 packaged and ready to go. When you get the down payment, you are only out $30,104.04.

With the purchase, I would pay off my previous mortgage, you would own the property free & clear, which you would convert to the note with the above terms.

Offering

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