Southern Utah Investing
Right now YOU as an Investor have the opportunity to invest in the investment of a life time, secured by real estate, with a tenants that acts like a Home owner with a HUGE down payment.
Buy Brand New at a huge discount and sell to an end buyer using seller financing. Buyers are coming out of the woodwork (no-pun) for Seller Financing… demand is through the roof (no-pun). I am having too much fun!!
So here is the deal…. A very busy local builder (Salisbury Homes) is building Brand New Homes and buyers want them. These homes are being built for pennies because of bank owned lots Salisbury has acquired. Salisbury has a great product on great lots in great communities with TONS of upside growth.
Here is how it works.
This week I have been approached (as an investor) far too many times… and it is time to share the love. The buyers want me to buy these homes seller finance back to the buyers that can’t can get a conventional loan. These Buyers have HUGE down payments and great monthly income… but some bruises on their credit.
Example:
First buyer this week is Canadian and would like to buy her kids (an attorney) a home. If your asking why the attorney can not get a loan it is because of a short sale on the attorney’s credit. The market tanked in another state, he got a job in Utah and they had to sell their home in a Short Sale to move. So Mom the Canadian wants to help out and has $70k (28%) as a down payment on a home. Because of the way Canada does loans Mom (the Canadian) can only qualify for 50% loan to value.
This is how this would play out.
You the buyer (investor) buys the home with a contract in place for the end buyer to buy from you. You put down 20% (conventional financing for investor loans) and fund the deal. The end buyers give you 28% down as the down payment and working together we agree to a monthly payment ($1,350-$1500).
The deal is amortized over 30 years, but the “note” is good for 24-60 months. You get to set the term.
What this means for the buyer is they get the house in their name (All Inclusive Trust Deed), but must refinance inside “the term” (24-60 months). As security for you, you get the down payment from them ($25k-$75k). In this case $70k. Plus a small cash flow.
In this amazing situation you literally can buy a house and put 8% of the purchase price in cash in your pocket. The risk is the “end buyer” never refinancies the home into their name. They loose their down payment and you get the home back.
What has been created is a win, win, win. The buyer gets the home. You get KILLER tenants, down payment, brand new home, and cash flow.
I represent you as your Real Estate Agent. Give me a call, I would love to share more of the exciting details and why this works so well.
