Turn $30K Properties Into Profit with These Tips!

This guy actually already talked to my intake team and we got a little bit of information from him.

Hello?

Hello, is this Robert?

This is me, Robert.

Hi, my name is Lane. You spoke with my team a little bit ago about your property you're looking to sell on 464 Hugh Street.

Yeah.

Did I catch you at a good time? Oh, that's you. Okay, great. I appreciate it. I'm just kind of looking at some notes that you had given to my team earlier. And is it— do you live in this property or are you renting it out?

No, I'm living in it.

Okay. And what kind of time frame are you wanting to sell in?

As quick as possible.

Okay. And what's got you wanting to sell so quick?

I want to move up here to Alabama with my grandbabies.

Oh, fun. You got some grandbabies in Alabama, huh?

Yeah, I got 5 of them up here, 2 down there.

Gotcha.

But they all coming up here with me, so.

Awesome. One big happy family.

Well, I won't play around with all of them. I got more, I just can't reach them all.

That makes sense. Well, what I have here is you're saying that the property needs a new roof, is that correct?

Yeah, it could use it. Yes, sir.

Okay. And you're saying that the kitchen needs work?

It just needs kitchen cabinets. The doors, they're falling off. Just, you know, the hinges on the doors, they're coming off.

Gotcha. All right. So it could just use a whole new kitchen.

Yeah, yeah, I will eventually try to do that, but man, I got hurt at work and tore my rotator cuff on my shoulder and it put me out, so I ain't able to do— finish what I wanted to do.

Okay, well, sorry to hear about that. Let me, let me just verify with you real quick. Is it about a 1,000-square-foot, 2-bed, 1-bath?

Yes.

Okay, built 1966?

Yes.

And it is a manufactured home, right?

What you mean by that?

A mobile home. It's a mobile home.

Yeah, yeah, yeah. With a 15 by 16 add-on living room and 15 by 16 bedroom.

Okay. So does that make it more than a 2-bedroom, 1-bath?

Well, you can actually— where the laundry is now, you can actually turn that back into a bedroom and put the laundry off in the living room as the door goes out to another little area where the hot water heater sits.

Okay, so the addition— this is where laundry set out there before. So the addition that you did on it though, what did that add, a bedroom? So is it 3-bedroom now or still—

that was already added on when I bought it.

Gotcha. Okay, so the square footage and the bed-bath count that I told you earlier, that includes the additions?

I think so, yeah.

Okay, gotcha.

All right, because we went off to the, the plans that, you know, she showed us and all. Yeah, but now I did do, I did do upgrade. I took the screw-in breakers because it had the screw-in fuses. I took them out and I put breaker boxes in.

Gotcha. Okay.

So I updated everything. I've updated pretty much a lot of things in there.

Okay. Good to know. Anything else updated from the time that you lived in it?

Yeah, I put all, I'll bring you from the living room to the big bedroom, but I'll bring you a floor with plywood and all 2x6s. Drawers, all that brand new. I put new walls from the living room to that big bedroom up, new ceiling fan. Had to straighten out some wiring problems. Somebody had some— none of the additions had a hot and a neutral tied together. So my son, he's an electrician, so he went in and changed all that, fixed all that right. Got the light in the kitchen working. We got the— I put a $1,000 unit in the window for AC, and then I spun a— got a 5-burner gas heater. 'Cause that's got natural gas running into it.

Okay, is that the only AC on the house? Is the window unit?

Yeah.

Okay, gotcha.

Okay, there wasn't nothing— there wasn't actually nothing there when I bought it, but, uh, you know, I put it in. It's one of some of the biggest units that you can buy.

Okay, and it does cool the whole house?

Yeah, to me it does. Yeah.

Okay. All right. Well, Robert, how much, how much are you hoping to sell this thing for? How much are you hoping to get for a cash offer?

I've been offered $46,000.

And how come you didn't take that?

I ain't got back down home yet. The guys, they sent me a thing for me to sign, but I got to get back up with the woman I'm buying it from and go over it with her. And because I owe her $21,300. And I just want to tell her, you know, she's going to get her money. And then I, I won't tell her what I'm getting off from it. I was just going to tell her stuff and pay her off.

Okay. Gotcha. So you bought it and she financed it for you? She did a seller finance?

Yeah.

Gotcha. Okay.

And that's counting me. I owe her $20,000 on the property and the house and all. And then I owe her $1,300 for taxes. $1,300.

$1,300 for the taxes, you said?

That makes— yeah, that makes just for 3 years that she's paid. So that might make me owe her $21,300.

Gotcha. And how much is your payment to her each month?

I pay $500 a month. $500.

Okay. Yeah, it shouldn't matter. I mean, you don't need to tell her what you're selling it for because she's just your— she's your lender, right? So she's going to get paid off what you owe her. Are you—

I talked to her one time about it before and she told me as long as she got her money, she was good with it. But I think that man, that gentleman I talked to, he said that he had to do some kind of consent because it was still actually in her name until I get it paid off.

Well, that depends on your agreement with her. I don't know what kind of agreement you have with her, but to me it just sounds like— I got a contract. Yeah, to me it just sounds like she's on a lender position, so she should have her payoff. And are you behind on payments?

No, I'm up to date.

Okay.

Actually, when I get in, I am going to have to take her payment as soon as I get in, which I got the money. I'm just up in Alabama right now.

Okay.

With some of my grandbabies, but I'm going to come in on the 3rd. I got to go to her house. I was going to take her to 500 and then talk to her about, and somebody's wanting to buy it, and I was going to pay her off cash money.

Okay, so that, uh, that payment that you make her, it does not include the property taxes or homeowner's insurance? That's just to her, right?

No, yeah, that's just to her. So on top of that, yeah, property tax ain't due until the next year, so.

Gotcha. Well, where did, uh, the people that offered you that, um, $46,000 cash, is that offer still good?

Well, I told them I had to wait till I got back down there to get around her, you know, and talk to her and stuff. As far as I know, yeah.

How long ago did you get it?

I think yesterday or no, day before yesterday.

All right. Well, I'll be honest with you. If that is truly a cash offer and close it in a reasonable amount of time, I would take that offer. That's a good cash offer. My offer for just as-is, all cash will be down closer to $30,000. So I'm a little bit lower and that probably doesn't get you where you want to go. But I'll tell you what, I'll tell you what though, if that cash offer is truly a cash offer, I would just suggest, you know, make sure they're putting up some earnest money. You know, they're putting up some money to some good faith.

Uh, that's in, uh, paperwork that is sent on my email on my phone.

Okay. Yeah. I'm just making a suggestion, you know, make sure that they're, make sure they're putting up some money. So for good faith and, you know, so make sure that they're real.

If anything happens, I know what you're talking about. Because I've worn off of me one, and the contract he sent me didn't have that what she was talking about. It didn't have that in there. My daughter looked over it and she said, Daddy, I wouldn't sign that. She said, that's just a joke.

Yeah, well, I'll tell you what, if it doesn't work out, give me a call because I could probably get you a little bit more money. But I want your seller, the one that sold you the home, I want her to leave that loan in place. I'll take it over and then I'll pay you out the difference. No, I could pay you a little bit more money if we can get that done.

Okay. Yeah, we probably can.

Okay, well, hey, you give me a call because I could probably, um, let's see here. How much did you say they offered you?

$46,000. So, you know, that's give me enough to get— because my son and my two grandbabies are living in— I have to get them a place and pay her off and, you know, get us from down there to up here and Things up here ain't quite as cheap as it is down there.

Yeah, well, yeah, you make sure that offer's real and give me a call back if something happens, because I could probably get right close to that number, but I just need to make sure that that loan can stay in place and I can take it over. All right. Okay. When are you— when are you planning on making a decision?

Well, the third one that we go in, I got— we want to talk to her about it and then go from there and see what she says.

You have a—

and we're gonna go from that.

You have a third offer coming in, or are you talking about talking to the, the seller?

No, I'm talking about the woman that I owe $21,300.

Yeah, okay. Well, I'll— I'm gonna— I'll tell you what, you're— when are you getting back in town?

The 3rd.

Okay. Do you mind if I put a reminder, um, with myself to give you a call on the 4th and see how it— see how it all worked out?

Yeah, you can do that.

Okay, perfect, Robert. I'm gonna do that. And I'm just— I mean, just some advice before you sign that contract: make sure they've put up some money so they're putting their money where their mouth is.

Yeah, you talk about that. That I got with her ain't really alone. That's just for her.

No, I'm talking about— I'm talking about the buyer, the person that gave you an offer to buy the home.

Oh, okay.

Make sure they're putting up some good faith money.

Yeah, yeah.

Okay, Robert, I'm gonna call you on the 4th. Hey, thank you very much. All right.

Yeah, way to go, Lane! Get them!

This thing's a 1966 mobile home, 2-bed, 1-bath in Tallapoosa, Georgia.

I could be wrong, but from the way that man was describing the property, in my head I got an image of Yo, this thing's held together by Legos and duct tape. Just—

yeah, you're— you— well, you might not be there. I mean, there's some— I was just— I was just looking around in there and there's, you know, there's houses nicer than his that one just sold for $50,000, but then there's another one across the street that sold for $200,000.

What you guys just saw was a way to make money by mobile homes, by selling them on terms to people. That's That's a strategy that this lady is probably rocking. She probably owns tons of mobile homes and sells them to people on terms.

Hey everybody, what's up?

It's Nathan Payne. And for the first time ever, we just released this insane training bundle that has literally everything that I've learned from doing a combined 4,000 deals in real estate, all from starting with absolutely no previous business background experience or any real estate experience. Plus, there's over $19,000 worth of free gifts that we're throwing in, all for an insanely low, low price. If you want to get your hands on this, be sure to click the first link on the description below right now.