All Forum Posts by: Jeffery Leroy

CONGRATS... Super story and thank you for the detail...KEEP CRUSHING IT..

@Don Konipol @Mike M. would great appreciate your advice on this new update and correct numbers which makes a HUGE difference now that i was presented with paperwork.

the duplex property is selling for 76k and renting for $1100, he owes on the mortgage 59k his profits from the sale will be 17k. the property appraised for $130000 with little work.  he has agreed to take the profits and sign deed "subject to" i will refinance the property and pay off the current mortgage immediately after and remove his name on the new mortgage.. he isn't in a position to refinance him sell he says. Can there be a hiccup? thxs much..

thanks for hear me out.. adding the seller recently lost their spouse.

these are the round numbers for the sake of the detail. they're selling a duplex for 70k, owe about 40k and will make about 30k in profit, the property is valued at 110k with no repairs needed and two tenants paying on time $1100 total per month.

should i pay them their profit of the 30k (or part of it) keep their current mortgage which they've had for about 20yrs with low payment and interest? or get a new 30 year vs their 10 yrs left on current..

thank you both

Need a prompt and very reliable property management company that has service workers on staff and doesn't outsource their work.. property in east point Georgia thank you

thxs much buddy.

@Hannah Wollmershauser apt buildings, complex. Nothing too big want to get my feet wet then grow..

Investment Info:

Single-family residence buy & hold investment in East Point.

Purchase price: $130,000

Single family with separate suite

Need referral for small property commercial brokers in Georgia and Alabama . Thank you

@Melissa Nash

Im closing on a deal in Montgomery shortly, what are your thoughts about Birmingham? thanks