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.
Hey guys, its Sipo. I know there are thousands of investors out there ever since the HGTV boom. But my promise is to treat you fair, be honest, and never go back on my word. As an investor I am here to help you with whatever situation you are in divorce, financial crisis, eviction problems, foreclosure...you name it I have done it!
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.
Purchase Price: $58k
Loan Amount: $55k
Market Value: $120K
Rental Rate: $1200/month
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.
Purchase Price: $45k
Cash out Refinance: $45k
Rent rate: $900
Market Value: $90K