[William Gidrey]

William Gidrey

Take it Subject Two. Then owner financing with higher interest rate and higher purchase, Sale property for $260,000.00 with $20,000.00 Down Payment. Finance the $240,000.00 @ 8.5%, 30yrs. P.I.Payment- $1832.41. Estimated original loan P.I -.$1411.00, the T.I. & HOA Fee -$500 total monthly payment- $1,911.00. Positive cash flow per month-$421.41, with a 6 years balloon. Total cash flow for 6 year- $30,341.52. Property will appreciate 5% per year 6 years a total 30% rise in equity $66,000.00. So went buyer fine financing he will have more then 20% equity in the property. Also, after principal pay down for 6 years my pay off will be less than the $240,00.00.
R.O.I for property-
Down Payment- $20,000.00
Cash flow for 6 years- $30,341.52
Plus pay down after 6 years of payments. Est. $10,000.00
Total profit- $60,341.52

[William Gidrey]

William Gidrey

Hey! Jackie. I’m a Premium Member now. We would love leads in Texas. We live in the Houston, Tx. Thanks, Bill Gidrey; Hope to hear from you soon.