525 E 5th St, Panama City, FL 32401
3 Beds | 2 Baths | 1,487 Sq Ft
No landlord headaches!
If you are looking for your next investment property you must see this Cove jewel located just a short distance from the water. With some TLC you can make this house and spacious yard a beautiful home. This home features three bedrooms and two baths, with the potential of a fourth bedroom. The oversized driveway has a garage/carport workshop with plenty of parking and outside storage. This home is being sold AS IS, CASH OFFERS ONLY. Please present your highest and best offers by Friday August 4th, 2023, no later than 1:00 PM central time.
We appreciate your consideration in helping us achieve our long-time dream of purchasing a home. Owning our own home has been a dream of ours for several years. In the past, no established credit, and credit in need of repair, has kept us from being able to get a mortgage loan.
We have a stellar rental history, and we have never been late with our rent since 2015. Unfortunately, perfect rental history is not the deciding factor for a mortgage loan. We have worked diligently to get our scores where they need to be, including paying off credit card debt, only to be let down time and time again. Our scores would be a few points short, then we would get the scores right, then the income would not be enough because of the way we did our taxes (unintentional, just ignorant of the proper way).
We started our family painting business in FL in 2015. In the past year we have established an LLC, opened a business checking account, hired an accountant, and are using Quickbooks to track and manage our business. Our dream is to grow our business and become a permanent fixture here in Bay County, with a solid reputation. One day we want to be able to turn the business over to our son, and then our Grandson.
We want a place to call our own more than anything we have ever wanted. We had just about given up when we met Erik, and we suddenly have hope again. We just want a place to plant our roots and have something to be proud of to call our own and take pride in, something to hand down to our kids and grandkids when we are gone. If there was one thing we could wish for besides the health and well-being of our family, it would be to FINALLY own our own home.
Thank you again for your consideration,
Bobby & Jaime Montgomery
|Money from Tenant-Buyer: $8,000|
Net amount from Investor: $42,000
|Net Cash Flow: $300/mo*|
|TERM: Up to 5 years|
*We get that $300/mo doesn’t sound exciting but that’s equivalent to getting $1060/mo with a typical rental where you are a landlord with a tenant instead of being the bank for an owner.
Here’s the breakdown:
- Rent: $1900/mo
- 25% for maintenance & repairs – $475
- 10% for property management – $190
- 5% for vacancy – $95
Hybrid Real Estate Investing – A Better Way To Invest In Real Estate
The Hybrid REI Model Gives Real Estate Investors What They Really Want!
- Cash Now: We bring you a property with a vetted resident ready to move in the day you close. They pay a non-refundable option fee to purchase the property. And the best part is you own the property and retain the tax benefits until they exercise their option to purchase.
- Cash Flow: We have pre-qualified the buyer who has a good income and will be responsible for 95% of the maintenance and repairs, so no need for property management, and virtually all of the cash flow goes to the bottom line.
- Cash Later: Then you sell at the appreciated price when the resident secures their own mortgage within a predetermined time frame with the help of our team. They are now proud homeowners and your increased capital is freed up to do another deal!
Please schedule a call with our team ASAP to discuss acquiring this deal. Our deals usually go pretty quickly, so please schedule with us now if you’re interested.
Book a call with me at -> https://hybridrealestateinvesting.com/call or fill out the form below and we’ll be in touch.
Call or Text Toby at 720-352-1521
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