All Forum Posts by: Brandon Duff

anytime! I am in california investing in Vegas myself @Daniel Rubenstein

summerlin and south summerlin tend to be around 250-500k for properties.. You might want to drive for dollars and find a discressed property. 

Most will rent for 1200-1800.

Still under 1% 

Thanks @Clint Kreider Mid Days are usually best for me.. lunch time.. 

@Clint Kreider as much as I would love to, my training schedule is typically 430am to 10am and 3pm to 9pm :-( 

thanks @Ned Carey 

Major things.. Seller fiancing 

2% interest rate 

40k down 29% down

1100 rent 

maintenance  10% a month of rent ( 1440 yearly)

13% vacancy

Tax is 1200

Insurance is 1200

I think i screwed up on the last one.. Here is what i was looking at..

@Ned Carey i understand you are using a rule of thumb.. and i thank you for your post. However.. You looked at ONE of my questions.

This is what it would be from a LENDER... 

NOW.. onto my question.. What should i offer if they are doing SELLER financing. 

Again not great.. 

Now.. IF i put a HUGE deposit ( they only want 5000, and I'm willing to put 40k

Still negative..

However what If i offer just over what they own on the loan?

Not whole selling.. Since I'd be keeping it.. 

If the property loan is 140.. How much over should I offer? And would it be worth it for a buy and hold 

A guy is trying to sell his moms property. 

Local Properties are around 180k

He wants 175k

Mom owes 140k on the loan.

Downpayment they want is 5000

I have about 40k  ( leverage?)

Rent in the area is 1100

No Agent will be involved.

Zilpy shows:

 Rent Estimate (per month)$1,100 (0.73 /sqft)

Rent Low/High (25th,75th %)$1,000 - $1,350

Local Renter Density16% Renters

Vacancy rateLocal: 13.0%

Property Tax is just over $1000

They said they will charge 2% interest rate. 

My lender has me at 4.75% 

Cashflow should be around 154 for the place?

Should I just offer just above the loan? 

How does one do it without a mortgage? 

Clerks Office? Etc?

Would this be considering Wholesaling.. Reading this in No money Down book lol.