$30,000 Cash in 60 days

Here’s a quote from a recent client:

…."Simms, turned out real well. $98K in purchase + rehab, $160K appraisal, $128K in new loan, and $1,100/month. Not bad at all. I jusr re-financed it at 7%. Not bad for investment property…
Actually, I took out $13K from Midland, and around $30K from Simms. Not bad for a beginning investor? J
"

Meet him at our investor party on Friday, January 25th.  Email heddy.ramsey@gmail.com to RSVP.

Let’s examine the numbers:

• Purchase and Rehab $98,000
• New Appraised Value of $160,000 (This is $25,000 more than our estimate)
• 80% LTV = $128,000 New Loan 
• New Loan of $128,000 - $98,000 = $30,000
• $153/mo. Cash Flow
• Return = Infinite (client has $0 of his own cash in the project)

Here is the original email offering the home at $88,900

This entry was posted on Tuesday, January 15th, 2008 at 1:56 pm and is filed under Client Conversations, Success Stories, Testimonials. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.