How to Get a Cash Flow of $1,000 a Month!

When something is described as “too good to be true,” it usually is. Many of us have learned to be wary of the “too good to be true” deals, because we’ve learned the hard way that they’re not, and have been left burned. 

But on occasion, a deal too good to be true really happens. That’s the case with this week’s #winnerscircle. A great deal in both the purchase and sale of an investment property kept getting better and better and better. 

Our recent client, Amanda,and her husband were recently interested in purchasing an investment property, and she knew the best way to move forward in a purchase would be to have an agent represent them. Even though Amanda is very familiar with the home selling and buying process, she knew the value of having an agent rather than self-representing. For instance, in 2017 the average “For Sale by Owner” sale made $65,500 less than a realtor-aided sale (“Quick Real Estate Statistics”, 2018). Knowing this, Amanda hired our Team Lead, Grace, to negotiate the purchase of their investment property.

The property they were interested in was listed at $400,000, however, due to Grace’s superb negotiating skills, they were able to purchase the property for $380,000. That’s $20,000 in savings! The acquisition price of $380,000 allowed for a property cash flow of $1,000 per month! Killer negotiations like that alone are something to celebrate!

But it got better: the property was actually worth more than what it was listed for. Their investment property featured a segment that was beautifully ripe with potential, and again, the Weis family hired Grace to sell this additional section. 

As we’ve mentioned before, Grace is a pro at her job and advertised the property in a way that had people come running. In ONE day they had not one, not two, not three offers, but FOUR! 

And the sale got even sweeter. The offer Amanda accepted was OVER list price, and included a strategically negotiated closing date that would benefit Amanda’s family for tax purposes. 

Because the additional land segment was sold for $125,000, Amanda essentially ended up getting her investment property for only $255,000! Amanda now has the opportunity to use the income from the sale to put back into her property, or even purchase another investment property!  

Are you looking to purchase investment property? Win’s like these happen much more often when you have an agent that recognizes the value of a property and knows how to negotiate so that YOU get the best possible outcome. We’ve seen the best things happen, and you can see it, too! Give us a call at 425-332-6449 to learn how your buying and selling experience can really be the best!

“Quick Real Estate Statistics.” National Association of Realtors, 11 May 2018, www.nar.realtor/research-and-statistics/quick-real-estate-statistics.