The Creative Financing Podcast
Business:Investing
Ep 102 Creating Terms On Multi-Million Dollar Properties In LA With Anthony Green
On this episode we are creating terms with our fellow listener Anthony Green on a multi-million dollar property in the Hollywood Hills area of LA. He has been following this house for months now…. He called our hotline number and asked for some help on how to use creative financing to make a deal, so we decided to make an episode out of it. We not only walk him through creating terms but we give him the actual LOI that Jeff sends to all his leads with the offers we created in real time. And then we go through the various exit strategies and who the right buyers is that he could wholesale this deal to. We provided the utmost value to Anthony on his specific deal by giving him an LOI with real offers, and we want to help you do the same with your deal so give us a call on our Hotline. The cliff notes of those offers are below.
And to get special access to a step by step video on how to structure offers, text CFP to our hotline at 877-409-8090 or click HERE.
Offer# 1
PP- 2,450,000
Down- 180,000
3yrs
2.5% int
2,073,165
Find a owner occupant buyer for 2,550,000 PP with 280,000 down
Offer# 2
PP- 2,400,000
Down- 240,000
5yrs
4% int
10,312 pmt
Balloon- 1,953,677
Seller Gross- 2,812,397
Find a owner occupant buyer for 2,500,00
Offer# 3
PP- 2,450,000
Down 500,000 1st position @7% simple int. Pmt= 2,916.66
Second Mortgage- 1,950,000
7,500 pmt for second @2.5%
4yrs
Balloon- 2,276,657
Seller Gross- 2,636,657
Find buyer for 2,550,000.
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