All Forum Posts by: Soji Oyenuga

Hi Steve,

I am out of state owner of the lot. The real estate agent selling the property valued it and thus listed it for $24,000+. I have never visited the property, I understand that the utilities are on the street. 

My group is motivated to sell this property asap. That's why is a great opportunity. For all cash and closing this month we will even look at at least 50% of the listed price. Our agent will still be doing the selling paper work.

I hope I answered your question sir. If not I will be willing to either get your other questions answered or link you up with the listing agent. 

Soji

MUST SELL – Aurbun, WA City Lot – 1/2Hr from Seattle – Seller Financing

Property on MLS for $24,785 - Buy for $17,785 or Best Offer

***WASHINGTON Dream LAND for PENNIES on the Dollar. MOTIVATED SELLER. Opportunity of YOUR Life Time. .

Call 1-800-258-3004 Now or email us at [email protected] Now

Own this property now with $3,000 down and $397.59/Month or all cash for $17,785

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  Aurbun, WA City Lot

  See images »

Great lot in Auburn. Seller is motivated to sell. Bring offers.
Seller will look at all offers. Seller will do seller financing
with reasonable down payment. Presently listed with agent for $24,785
seller will accept $17,785 for the 1st offer or best offer!!!
Don’t be afraid or shy to present any offer!

All Cash Sale Price = $17,785

Seller Finance Sales Price = $19,785

• Down Payment: $3,000
• Mortgage Amount: $16,785.00
• Interest Rate Type: Fixed
• Amortization Period: 5 years 0 months
• Payment Frequency: Monthly
• Interest Term: 5 years 0 months
• Interest Rate: 9%
• Mortgage Monthly Payment Amount: $347.10
• Monthly Tax Payment & Handling Fees: $52.49
• Total Monthly Payment: $397.59

***Buyer will also pay their closing fees.

This property will be sold to the first reasonable offer!

Property is about 30 miles away from Seattle, Washington

Buyer to verify all information for own satisfaction.

Property Address = 443 Xxx 352nd St S, Auburn, Washington, 98001
Main Features
School District: AUB
County: King County, Washington
Original City: Auburn
Taxes: $123.00
Zoning: Residential

Additional Features
ELECTRICITY: In Street
Lot Description: Paved Street
Sewer: Available
Style: Res-Less than 1 Ac
Lot Size :0.23 acres (10,084sq ft)

Auburn, WA Area Facts
Average Travel Time to Work: 27 minutes
Median Income: $67,615.00
Average SAT Score: 1053

***WASHINGTON Dream LAND for PENNIES on the Dollar.

MOTIVATED SELLER. Opportunity of YOUR Life Time. .

Call 1-800-258-3004 Now or email us at [email protected] Now

– Only serious buyers please!

Great lot in Auburn. Seller is motivated to sell. Bring offers.
Seller will look at all offers. Seller will do seller financing
with reasonable down payment. Presently listed with agent for $24,785
seller will accept $19,785 for the 1st offer or best offer!!!
Don’t be afraid or shy to present any offer!

This property will be sold to the first reasonable offer!

Call 1-800-258-3004 Now or email us at [email protected] Now

same listing at http://www.roheyland.com/auburn-wa-231

While most of the reasons above are true, I personally think MINDSET is a BIG factor that makes most investors stay away from investing in commercial real estate. Most investors think "its a game for the rich".... its interesting to know that it is actually in commercial real estate that seller finance, master lease options and other creative little to no money financing are easier to get --- if you work within the sweet spot of the commercial real estate.

If you have friends, family or co-worker that believes in you "Love Money" (private lenders) is another option to consider. Check with the legal aspect of this in your area.

Ryan,

If I were you this is what I will do (based on the scenario you stated above).

(1) Hold the money in IRA - Then use self directed IRA strategy to invest the money

(2) I will leverage the $100K by;

•  Property Type:->  Focusing on apartment or commercial property.  For simplicity sake, I will just focus on apartment in this case
•  Location to Invest :- Path of growth to any of the top 20 fastest goring cities and/or locations with high rent and lower cost per door - where cash flow is easy per door
• Leveraging the $100K :- I will setup creative marketing plan to target small apartment(20 to 30 units) to medium apartment (31 to 80 units) owners that their situation (and/or property situation) will allow me to get up to 95% seller financing or master lease option. I will look for properties that I can easily Force Appreciate (increase rent, increase occupancy rate, decrease expenses - e.g pass utility cost to tenant, etc) ... this will help increase cash flow and the value of the property very quickly (say in 90 to 120 days).  Assuming you can get up to 95% financing.. you will be able to leverage the $100K into $2,000,000 investment.  

Hope this helps... feeling sleepy now :) its 1:10am here  

Soji

This is interesting. While i read that most investors in Seattle. Auburn etc have tough time getting great deals. I am here in Canada and I have property (residential build-able parcel of Land) in Auburn, Washington I am willing to sell for about 60% of "as is" value :) Such is life.

We urgently need a real estate agent that can sell residential parcel of Land in Austin, Texas.

We have residential parcel of land in zip code 78753 that we are looking for excellent agent to work with us on selling.

If you are interested in this position, please contact me and leave information on the best way our team can reach you. We want the best agent - that will be responsive and have the ability to market this property :)

Thanks,

I used to check through Tax Office/Treasure's or assessor's office. These days I use a service agentpro and i am able to pull 1,000 records per month with 50 property profiles just for about $20. It has really worked for me

 Hi Ben,

Thanks for responding and your kind gesture to refer your trusted connection.

I will be able to pass the details of the property once I am able to speak with someone.

This is because the property is still in escrow as I mentioned.

Thanks once again sir. I look forward to hearing from you

Soji