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Updated over 8 years ago on .

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Wendell De Guzman
  • Investor
  • Chicago, IL
1,911
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2,188
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BAD CREDIT STOPPING YOU FROM BUYING TURNKEY PROPERTIES?

Wendell De Guzman
  • Investor
  • Chicago, IL
Posted

Do you want to invest in TURNKEY RENTAL properties but your credit score is stopping you from qualifying for a conventional mortgage loan?

or Do you want to invest but do NOT have the 20% downpayment required by the banks?

We have 10 TURNKEY houses in good neighborhoods in Chicagoland (southwest suburbs) that we're selling with OWNER FINANCING in place. And there's even an option for investors who don't have perfect credit!

Here's the typical scenario with these turnkey houses:

3 bed/2 ba/ 1200 sqft
Rented section 8 for $1500/month
Market value if you can buy CASH or qualify for conventional mortgage: $130,000
Your PURCHASE PRICE (with Owner Financing): $140,000
Repairs: $0
Appreciation rate: 3-5%/yr

Here are the terms of our OWNER FINANCING:

5.5% interest
INTEREST ONLY payment
Downpayment Options:

1. If your credit score is 680 or better, your downpayment: 10% of purchase price (ONLY $14,000)

2. If your credit score is below 680: 20% downpayment (only $28,000)

Balloon payment due in 4 years (Jan. 2021) - that should be plenty of time for you to either SELL the property or get your credit improved and get the property value up so you can REFINANCE out of the owner financing.

If you're interested in FINALLY BUYING A TURNKEY property in 2017 to start earning PASSIVE INCOME, email me your PROOF OF FUNDS (e.g., bank statement showing you have at least $14,000) at [email protected].

Once I receive your proof of funds, I will email you the details (numbers, addresses, pictures) and a Purchase Contract that your attorney can review that stipulates the details of our OWNER FINANCING.

Thanks and may the year 2017 be your best year in real estate yet!

Offering