306 W HILDA ST, TAMPA
3/1 1206 SF
Previous Mtg Balance 180K
Asking 80K
Call Sonny 813-404-7304

Exterior Front	Den/Family/Great Room
Kitchen	Master Bath/Spa
Den/Family/Great Room	Exterior Back

See for yourself:

Don’t call all of the “We Buy Houses” newspaper ads asking what they are looking for unless you want to bird dog for them. These guys are wholesalers looking to flip the deals to their list of buyers. You can partner with these guys to have them send out your deals until you build a good list. Keep it simple and find real cash buyers first for now OK.

A good buyer is someone that can pay cash and close quickly. Typically these buyers are landlords or rehab investors.

Here are a few ways to find good buyers.

Put out signs that say “3/1 Block 59K must sell” “call 813-404-7304″ (replace the 59K with whatever the bargain price would be for a rental house in your area where you are putting the sign). When they call tell them that house is sold but you will call and email them when you get another.

Call For Rent signs and ask the landlord if he is looking for any more houses.

Look up at the property appraiser’s site and see who has purchased rental (non owner occupied) homes in the last ninety days. Send them a postcard with a phone number and web address to your list sign up form. These are current active buyers. You can also buy this list from listsource.com or another data provider.

That’s it for this lesson. Go find some real buyers right now!

Starting with and average three bedroom house having a conservative current market value of about $100,000 in a good neighborhood.

This home can be purchased for $70,000 including closing costs.

Partner A located the house, negotiated the contract, arranged closing.

Partner B helped locate the money partner (partner C) and manages the rental house or lease option

Partner C Funds the deal at a below market interest return on his cash plus part of the equity

The rental house is rented with a positive cash flow of $265 net monthly after paying interest to partner C taxes and insurance.

In this example partner A gets 40% plus 5K marketing fee (included in the purchase price), partner B gets 40%, and partner C gets 20% plus a 5% additional yield on his cash invested.

Can you see how powerful this can be for all involved if multiplied by 10, 20, or 100. Partner C gets a great return secured by a solid investment home. Partners A and B get a good equity position without using their own money or credit. All three partners get a small positive cash flow.

This strategy can be used for both long and short term rental and lease option homes.

Here is the engineering report for the Settlement

fax-4155201165-8138743100-20080801-142029-11191-1

Sonny ASAP 813-404-7304

6119 Belkton Ave, Spring Hill, FL

This is a great looking pool home! It has an un-repaired sinkhole. The price is only $98,000 OBO Cash Only on this one. Hurry these sink holes always sell quickly.

2110 E Nedro Ave. This is a 3 bedroom updated home.

We are offering owner financing with a reasonable down payment. (Tells us what you have)

The total purchase price is $95,000. Monthly payment around $900.

Drive by then call Sonny 813-404-7304

1109 Tangerine St, Clearwater, FL 3/2 New home!

Net to Seller $115,000, owner will finance with 10% down

5K discount for cash.

Ready to go with at least 10% down price is $115,000.

Will discount 5K for cash. Call Sonny 813-404-7304

The address is 1417 E Mohawk Ave, Tampa FL

3/1 Updated and ready to go.