ilmscore | Buying a house for $9,500

Buying a house for $9,500

Published: 2019-11-10
Status: Available | Analyzed

Predictions from this Video

Total: 7
Correct: 0
Incorrect: 0
Pending: 7
Unrated: 0
Prediction
Topic
Status
Sean is projected to make between $400 and $500 per month for 10-15 years on a property purchased for $9,500 plus $1,200 in back taxes, after investing approximately $20,000.
"he'll land contract at 10 K down and then he's going carry back I guess 50,000 on payments so maybe $500 a month he'll be making between four and $500 a month for the next 10 to 15 years"
Real Estate Investment
Pending
The average home price in the Central High market has increased from a bubble peak of $175,000-$185,000 to $250,000 on average.
"the bubble max this market out at what seventy-five 175 to 181 8 175 to 185 thousand dollars average and right now we're at 250 on average"
Real Estate Market
Pending
Sean finds properties by directly mailing handwritten letters to owners with delinquent taxes, indicating a proactive outreach strategy for real estate deals.
"Sean calls 20 people a day he hand this specific house he got by hand writing letters and mailing them to the people that owned owned delinquent taxes and that's how he got this delinquent taxes from the county auditor sending them handwritten notes"
Real Estate Investment Strategy
Pending
After investing $10,000 down and carrying back $50,000 in financing, the investor is projected to make $400-$500 per month for 10-15 years on this property.
"he'll land contract at 10 K down and then he's going carry back I guess 50,000 on payments so maybe $500 a month he'll be making between four and $500 a month for the next 10 to 15 years"
Real Estate Investment Returns
Pending
A comparable house on the same street recently sold for $75,000-$85,000, suggesting a strong local market for similar properties.
"there was a house right down the street that sold for 75 or 85 thousand a couple weeks ago maybe a month ago"
Real Estate Market Conditions
Pending
The current average home price in the area ($250,000) is significantly higher than the previous market bubble peak ($175,000-$185,000).
"we're so hot much higher than the bubble right now it's crazy the bubble max this market out at what seventy-five 175 to 181 8 175 to 185 thousand dollars average and right now we're at 250 on average"
Real Estate Market Conditions
Pending
Sean owns approximately 70 rental properties and also owns a hotel, indicating a substantial real estate investment portfolio.
"because Sean works hard Shawna and 70 properties are 70 rentals he owns a hotel I don't know if that hotels included in the 70 but he owns a flippin hotel"
Sean's Real Estate Portfolio
Pending