Hello, I am from Maryland and new to real estate terminology. My goal is to acquire knowledge from the Real Estate Learning Community and build a robust network of support within the real estate sector. Additionally, I aim to offer my support to fellow community members..

I bought my first rental property owner finance and used the same strategies to buy an extra work pickup truck I branded, our family golf cart and our modern backyard shed all owner financed. (Photos attached) Low down payments, no balloons, small monthly payments and zero interest. It can be done but it’s all about HOW you communicate to the seller which is what I love teaching! Here’s a screen shot of the text message I received yesterday from a seller to buy their beautifully remodeled tiny house I plan to Airbnb in our backyard! At even just $95/night multiply that by 30 days and you get a potential monthly revenue of $2,850/month and our mortgage to the seller is only $900/month! Interest free! Let’s say it only books out half the month so only 15 days, worst case. $95/month x 15 days = $1,425! Still a major profit! What’s even the worst worst worst case scenario of how slow of a month we would need to only break even? Well, $95/month x only 10 days each month and it’ll still pays for itself at $950 in revenue! Since it’s a zero interest owner finance loan, every payment pays down the principal. Let’s also look at if we don’t take a profit and based on only 50% occupancy each month, how fast could we pay the entire thing off. Loan balance after down payment is $47,000. $95/night x 15 days = $1,425 in total $47,000 (loan balance) divided by $1,425/month = 32.9 months. 33 months divided by 12 months in a year (= 2.7 years) and we’d have a fully renovated, fully operated Airbnb, free and clear in less than 3 years. Even shorter if we take chunks from wholesaling or flipping to pay it down in 1-1.5 years! Then that one unit can generate close to $3,000/month if booked out well each month or we just raise the nightly rate. I released a new training video in our classroom on the differences between Subject-to, owner finance and hybrid methods you should watch today! Drop any comments or questions below ⬇️ ⬇️⬇️

Hey, it's Al👋

Hello. I'm a licensed clinical social worker from Augusta, GA interested in all things real estate. I look forward to learning and networking with you all.

I plan on recording several new educational videos this week for our Skool community and want to know from YOU guys specifically, what topics or questions would you like new training videos on?