Just some various updates on what we have been up to for past few months. I have taken on some new partners and we are looking to expand our territory into Fairfield and Vacaville in addition to growing our ability to offer seller financing to people who want to own but do not qualify for financing.
We are in the middle of our first such deal - 5/3 3000 sq ft house (odd for neighborhood as was originally about 1400 sq ft and they LEGALLY added a two storey addition.
We are purchasing this house for $159k and then seller finaning it "as is" to a couple for $220k at 7.5% with $25k down.
This couple run a home for autistic children and were paying $2500 per month for a smaller place in Fairfield. Their new payment on this house will be $1400 or so plus taxes and insurance!!
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