Mark J. PodolskyThe Land Geek · Helping people build passive income streams without dealing with real estate hassles

Jeff Dettmer Crazy Margin Deal

13 Dec 2018 · 1 min

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0:47

Short spoken transcript from a YouTube video (Jeff Dettmer) describing a recent residential property resale. Jeff reports receiving a buyer deposit and outlines seller-financed terms (down payment and payment schedule), notes he originally purchased the property for about $3,000, previously collected roughly $1,500 before a buyer defaulted, re-listed the property and sold it again (the sale occurred on a Wednesday).

Questions this video answers

$2,000

$1,000 per month for nine months

$11,000

About $3,000

About $1,500

Chapters

Hey Mark, I just wanted to let you know that I just got the deposit for that property that I was trying to sell just before the Mastermind call today. And so it is $2,000 down, $1,000 a month for nine months, total of $11,000. And this is actually a property that I bought for just about $3,000. And I actually sold it before and probably collected about $1,500 and it defaulted this month. And I just put it back up for sale this week and sold it today. And it's Wednesday. Pretty cool. Anyhow, just wanted to let you know. Thanks, Bye.