Real Estate Deal Explained #shorts #shortsfeed #shortsvideo #youtubeshorts #realestate #creative

Name: Real Estate Deal Explained #shorts #shortsfeed #shortsvideo #youtubeshorts #realestate #creative
Uploaded: 2022-12-01T00:46:04+00:00
Duration: 58 s
Channel: Tyson Smith
Description: In this short, the speaker recounts a creative real‑estate transaction that began as a probate deal. He purchased a property for $160,000, earned a…

1 Dec 2022 · 1 min

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In this short, the speaker recounts a creative real‑estate transaction that began as a probate deal. He purchased a property for $160,000, earned a $30,000 profit, and received a free yellow Volkswagen Beetle. The seller, Sherry, wanted to reinvest $130,000. The speaker found a cheap $19,000 lot, placed a 3‑bed, 2‑bath mobile home on it, and sold the package to Sherry for $199,000 more than his total cost, financing the purchase with a 9% interest note that now yields about $1,400 in monthly payments. The narrative highlights the profit, the bonus vehicle, and the inventive financing structure.

Chapters

Here's the deal. I signed it for $160,000. I made $30,000 on that deal and I got a free yellow bug out of it. It was a great pro— it was a probate deal. And the seller— what do you think of like a Volkswagen Beetle car? Yeah, yeah, yeah. Somebody, somebody on my team still drives it. So what happens is that seller, her name is Sherry, she goes, I will sell this house to you, but you have to find me another house to put my $130,000 into. And I go, I got just the house. And she goes, okay. So she jumps in my Prius and I drive her out to that piece of dirt. And I go, here it is. Did you tell her? No, no, look, I got it. No, she goes— I go, here's your house. And she was like, this is a piece of dirt. Literally, literally. And I go, but here's what I'm going to do. I'm going to put a mobile home on here, a 3-bed, 2-bath mobile home. You get to pick the colors, you get to do this, you get to do that. For $130 grand, you paid for the $19,000 lot and everything it cost for me to build the whole entire thing. And I sold it to her for $199 grand more than it cost me and gave her a note. I created a note at 9% interest. She pays me every month right now, like $1,400 a month for