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ASK A LOT OF QUESTIONS

ASK A LOT OF QUESTIONS . "IT PAYS WELL" By Sergey Garbar. LEAD SOURCE. -OLD MAILING CAMPAIGN (YEAR OLD) -YOU PAY FOR POSTAGE PICK UP THE PHONE!!!. -NON OWNER OCCUPIED LIST - FONT PRINTED ENVELOPES AND SIGNED LETTER. INITIAL CONVERSATION. SELLER OFFERED 2 CONDOS FOR SALE

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ASK A LOT OF QUESTIONS

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  1. ASK A LOT OF QUESTIONS "IT PAYS WELL" By Sergey Garbar

  2. LEAD SOURCE -OLD MAILING CAMPAIGN (YEAR OLD) -YOU PAY FOR POSTAGE PICK UP THE PHONE!!!. -NON OWNER OCCUPIED LIST - FONT PRINTED ENVELOPES AND SIGNED LETTER

  3. INITIAL CONVERSATION SELLER OFFERED 2 CONDOS FOR SALE -2/1 $55,000 RENTED $775 -1/1 $35,000 RENTED $650 -CASH SALE -LIMITING BELIEF THE BIGGER PROPERTY THE BETTER, I WAS NOT INTERESTED IN 1/1 AT ALL. -POSSIBILITY OF SELLER FINANCING

  4. -VISUAL INSPECTION - BOTH PROPERTIES IN EXCELLENT CONDITION . -PRESENTED COMPS TO SELLER. -SELLER WILL DISCOUNT 5K IF I BUY BOTH PROPERTIES.

  5. NUMBERS BY THE SELLER 2/1 $50,000 1/1$35,000 -20% DOWN , 5 years 4.5% $306 $214.20 5 years 5% $316.32 $221.43 5 years 5.5% $326.84 $228.80 HOA $230/MO HOA$230/MO TAX and INS. 95$/MO 65$/MO $775-$306-$230-$95=$144 POSITIVE CASH $650-$214-$230-$65=$141 ALMOST SAME

  6. -ENGINEERING A PROFITABLE TRANSACTION -CONCERN FOR ME , HIGH DOWN PMT FOR ME. -LOW CASH FLOW NOT INCLUDING , VACANCY , MANAGEMENT, REPAIRS. -I CALL MY MENTOR AUGIE BYLOTT ADJUSTMENT MADE -10%DOWN -20 Y. AMORT AND 15Y BALOON -5 YEARS@3% NEXT 5@4% NEXT 5@5.5%

  7. -PRESENTING AN OFFER 2/1 $50,000 , $5000 DOWN, 20Y AMORT PMTS 1/1 $35,000, $3500 DOWN, 20Y AMORT 5 YRS. @3% 249.57 $174.70 5 YRS. @4% 272.69 $190.88 5 YRS. @5,5% 309.55 $216.68 $775-$249-$230-$95=$201 POSITIVE CASH $700-$174-$230-$65=$231 NOW ($181WAS)

  8. SELLER ACCEPTED THE OFFER "IF" IF I WILL BUY ANOTHER 1/1 HE HAD IN THE COMMUNITY . $725-$174-$230-$65=$256

  9. -INSPECTION BY JON BOLTON -ALWAYS DO YOUR DUE DILIGENCE AND INSPECTION. -SELLER TOLD ME WHY WOULD YOU SPEND $1000 FOR INSPECTION WHEN YOU CAN KEEP IT. - I SPENT $700 AND SAVED $1725

  10. -CLOSING CLOSING WAS DONE DURING MY BREAK AT WORK. DOWN $10,683.46 VALUE OF THE ASSET $120,000 PASSIVE CASH FLOW $8256 ANNUALLY AT 3% APPRECIATION THE PROPERTIES WILL BE WORTH ALMOST $200,000 WHEN THEY ARE FREE AND CLEAR. .

  11. ALWAYS ASK FOR TESTIMONIAL

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