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Ad number:#501580697
Contact:Landon
City:Houston, TX
Zip:77001
Price:$0

Description

YOU find a house that YOU like, you give us the down payment, we buy it with cash for you from the seller, then we sell it to you on owner financing. There is a 25% bump in price to do this. For example, if you find a house that you like for $80,000, we would purchase it and then re-sell it to you for $100,00. We can do all the way up to 30-year notes. You can cash us out at any time, there is no pre-payment penalty. On a typical $100,000 house sale on owner finance, the numbers would look like this:
Purchase Price: $100,000
Down Payment: $10,000
Loan Amount: $90,000
Interest: 10%
Term: 360 Months
Monthly Payment (Principle + Interest): $789.81

On a $50,000 house, the numbers would look like this:
Purchase Price: $50,000
Down Payment: $5000
Loan Amount: $45,000
Interest: 10%
Term: 360 Months
Monthly Payment (Principle + Interest): $394.91

The taxes and insurance are extra and not included in the above pricing because they vary quite a bit from house to house. Typically, for this price range of houses, we use $100 - $200 for taxes and $50 - $80 for insurance.

Give us a call/text show contact info or show contact info !

If you prefer email: landon123 @abcsold.com / landon @sellerfinanceme.com

 

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