$10k down? Just buy it!

One of the things I've always said to my kids is "if you can find a house for $10,000 down, just buy it".
I had a client wishing to sell and that was all the equity he had in the house so I told Bryce and Cole that they should buy the house and take over the mortgage.
It was a rent to own which I can explain to you if you're interested but basically they put down $10,000, assumed the sellers payments, rented it out, and made cash flow.

The funny part of this was that neither of the boys actually saw the house. They both just took my word for it and they got a great house with great terms at a great price!

Now, you should probably find a house that actually breaks even. That's the best way to do it but I would probably still buy a house with $10,000 down even if I had to subsidize it a bit because every month on that mortgage you're probably paying down $600 a month off in principle.
All you need is a $10,000 line of credit even if you don't have the cash.
Keep your eyes open for an opportunity and be prepared to shop!

#investing
#thinkingoutsidethebox

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Penny/Bryce Kander

Realty Executives Alberta Elite

403-896-7331

https://www.facebook.com/teamkander/

"It's too late to buy a house. I've missed my opportunity."

I hear this a lot from people but is it really true???
Years ago, I bought a piece of lakefront property at Sylvan lake for $169,000. I believe I borrowed the money at 14.5 %. That seems like an outrageous interest rate but at that time it was cheap because interest rates were as high as 22%!!

Now, that same property can be purchased for around
$1 million but you can borrow $1 million at 2.3%. It does cost more per month but it's not five times more because the interest rates are so cheap right now.
So...don't ever think that you've missed the boat. It's never too late.
There's always another boat. Grab an oar and let's get going!
#GeneralRealEstate
#StartToday
#NeverTooLate

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Penny/Bryce Kander

Realty Executives Alberta Elite

403-896-7331

https://www.facebook.com/teamkander/

Buy, Flip, with only a little $!

The other day, after one of my Real Estate coaching sessions with a young investor, I was thinking ...

I could probably make more money buying properties, if I had the owner carry the financing while I fix them up and flip them, than I could selling houses.
All you need is a little bit of cash and some chutzpa.

It gives sellers who are in a tough position the opportunity to sell their properties. All they have to do is carry the financing for a short amount of time so you can fix them up and flip them and sell them and make a profit. It's a win-win!
No full-time job needed!!

This makes it sound simple but it will only work if you have an agent who knows how to present the opportunity properly to the seller and also help you find a house that will actually work.
Send us a message or give us a call and we would love to help you get started.
#thatsus
#realestateinvesting


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Penny/Bryce Kander

Realty Executives Alberta Elite

403-896-7331

https://www.facebook.com/teamkander/