Robert Campbell Economic News

Had a combination of fun and learning hanging out with Robert Campbell yesterday afternoon and attending his presentation at the Holiday Inn in San Francisco sponsored by BAWB.

Robert has a great book called Timing the Real Estate Market - invaluable to assisting investors in assessing market timing.

Two new properties in escrow - one which will be re-sold with financing and one which will be a long term rental.

Our Latest Homeowners Signing Papers

We were thrilled to be able to put one more family into homeownership before the year end. The young couple are here signing their documents - this was a seller financed transaction using an All Inclusive Trust Deed to wrap the underlying financing. How the numbers worked were as follows:

• Sales Price: $249,900 with $22k down and interest rate of 7.5%.
• Purchase/Closing/Rehab: $179,000.00 (Overall profit of $71k combined cash/paper)
• Monthly payment to them: $1595.00 plus taxes and insurance
• If renting: $1995/month
• Benefits to them - payment less than rent, PLUS write off for interest payments.
• Benefits to Investor: No responsibility for repairs/taxes/water/sewer etc.

My favorite type of deal :)

Signing out - Caroline Hegarty

http://www.solanocommunityinvestorsgroup.com/