He’s breaking it down pretty good here! First off what you wanna do is calculate how much money you’re going to spend. That’s why he mentioned a “lower down payment“ etc. Whatever you spend that first year you want to measure your cash on cash return. However even if he’s eating $100 a month why would it be a good deal you may ask? The reason being is that he can accelerate depreciation for about seven years in advance.
Great video! I’m new to Subto never took the class but was introduced to the strategy at a REI meet up a year ago. So I know the basics. But I have a coworker who’s interested in selling his property as a subto so I’m researching on how to structure a deal.
This is awesome stuff. Break down as many deals as possible
Appreciate you, just did another to post in the next day or so.
Love the quick 20 percent minus the rent formula
Thanks, glad I could help!
You were right with no deal Dana. great content. Keep it up.
Appreciate the kind words my good friend 😀
This vid is awesome! Appreciate the clarity! 👌
Appreciate it, just put out another one amd plan to do a few a week. Hope they help!
He’s breaking it down pretty good here! First off what you wanna do is calculate how much money you’re going to spend. That’s why he mentioned a “lower down payment“ etc. Whatever you spend that first year you want to measure your cash on cash return. However even if he’s eating $100 a month why would it be a good deal you may ask? The reason being is that he can accelerate depreciation for about seven years in advance.
Appreciate the kind words! I need to do some more breakdowns soon and clear up coc returns etc.
Great video! I’m new to Subto never took the class but was introduced to the strategy at a REI meet up a year ago. So I know the basics. But I have a coworker who’s interested in selling his property as a subto so I’m researching on how to structure a deal.
I just saw your comment, hopefully you got thos taken care of and helped. If you ever need help hit me up on IG @danainvests
i appreciate this!! i would love to see more deal breakdowns
I need to do more, thanks for the support
Hi Dana, great video. How would you suggest determining the insurance price if you’re unsure or when structuring seller finance deals?
You can go fill out a form online to get rough ideas by just googling (state) home owners insurance.
great video man!
Appreciate you sir! Let's break down one of your next deals here 😉
Most of the deals are like this one.
Yup. I pass on WAY more than I contract. I'll post some good ones that I've bought and sold and hope to keep a few a week going forward.