My Financial Freedom plan

So the reason you are on this page is because you may have received some marketing material or spoke with me in person.  My goals are to use real estate to provide myself with passive income.  Once my passive income covers my expenses then I can focus my efforts on helping others in need.  

If you have ever been interested in real estate but have no money feel free to ask me!  Your hustle and drive is worth more to me than money is.  I am looking for someone as motivated as I am to get out of the rat race and on to greater things.  Send me a text or call 817-304-1156.  Lets chat

The long term plan home #3

This home came with a unique set of problems to solve.  Our goal as real estate investors is to help you get out of your situation and move on with your life.  Sometimes a home can hold you back from moving forward.  This was the case...

The owner had reached out to us because this house reminds her of a past marriage.  She did not want to continue living in the it and also did not have the funds to get the it up to retail standards.  

The home had been neglected and in need of repairing.  She was in no position to maintain it properly so thats when we offered to purchase it.  She needed time to find another place so we asked the title company to draft a document that allowed her 3 months of free rent after the sale of the home.  

She did not have to stress over the sale of her home and had adequate time to find a new home.  Investors are really out there to help you, don't let anyone tell you we are here to rip you off.  We are people too, we have families and understand that everything is not always black and white when it comes to real estate.  

The numbers: 
Purchase Price: $58k
Rehab $10k

Loan Amount: $55k
Market Value: $120K
Equity: $65k

Rental Rate: $1200/month

Cash Out Refinance Home #2

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All of our research has paid off!  This home was sold to us by an elderly lady who has owned it since 1985 and she had tenants in place.  The home needed minor repairs and foundation.  It was an easy fix and we have put some great tenants in place!  Cashflow 101

The seller was happy with such a quick and easy sale, we put some Sweat Equity into the home and everyone wins.

We paid $45k cash for the home and asked our banker to put a lien on the home afterwards with a Cash-out refinance. 

The numbers: 
Purchase Price: $45k
Rehab $6k

Cash out Refinance: $45k
Rent rate: $900

Market Value: $90K
Equity: $45k

 

Buy, Rehab, Rent, Refinance #1

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Our first home acquisition.  This home is located in Mesquite, Texas and was in dire distress.   The owner was suffering from depression, anxiety, drug abuse, and hoarding.  We were able to purchase her home and get her out of a financial crisis.  She was able to move into her mothers home where she can heal.

This home needed everything and not for the faint of heart: Foundation issues : Snakes : Hoarding and trash : makeshift walls : 2 old sheds full of debris : Wasp infestation.  We just about broke even on this property, but we will treat it as an expensive learning lesson!  

The Numbers:
Purchase Price: $55k
Cash Down: $3k
Repairs: $20k


Loan Amount: $55k
Market Value: $110k
Equity: $55k

Rents: $900/month