12/08/2022
BANKS GIVE YOU HOLIDAY 🎁 GIFTS. 💝
TIME TO CATCH special deals from BANKS!!
It’s the end of the year 2022. Many banks must get rid of thier real estate properties.
They lower the prices A LOT.
I saw this bank owned property last week.
It was 52k. NOW It is 32k. It is 38% less.
and 70% lower than the market value.
This is a perfect property to apply Rent-to-own strategy.
You only spend:
32k purchase
3k closing cost
20k rehab
Post Rent-to-own ad on Zillow and Facebook.
you get
5k option fee (non refundable) gift 🎁
1.6k/ rent
Cash out (refinance) after 6-month
ARV 100k
LTV 80% but
Cash out 70k only to be conservative
You get all money back in 6 months
Plus tax free money
plus 5k option fee
If you want to learn how click 👍 like and follow me.
Happy investing.
Happy holidays.
Mark NISHIKIORI