All Forum Posts by: Lauren Sinz

Thanks for the clear responses.  I get it now.

I have an opportunity to buy and sell a mobile home. I can offer seller financing but am trying to calculate the ROI. I would be taking title to the mobile home and immediately turning it around with seller financing at the same price I buy it for. The cost will be $40,000. The note will be written for $36,000 ($4,000 down payment) at 12% for 5 years. Based on an amortization schedule, that will yield $12,048.01 interest over the 5 years. When I take that "profit" and divide it by the $36,000 "investment" and divide that by 5 "term", I come up with a 6.69% number. If my interest payment was 12% why am getting 6.69% for the ROI? Is that really my ROI on this note? I'd really appreciate input and direction if my calculation is incorrect.

Hi Nikki,

I suggest attending local REIA's. There's one in Sacramento. You can find out more about it at their Facebook page: https://www.facebook.com/groups/sacramentorealestateclub/

Thanks for your quick response. What if I am sending the voicemail/text blast to a list generated from ads for real estate for rent? I am calling the phone numbers in these ads asking if the owner is interested in selling the property. In my voicemail, it states if they are interested, to "press 1 to speak with a live person" or "press 2 to be added to our do not call list". Would this work given your response?

Any recommendations of online companies with these services? If so, why use the one you are recommending?

Thanks!