Real Numbers on a Real Property: Pick Your Own Program

With our Pick Your Own program, you can pick out almost any home (that a seller is willing to sell), and we will buy it, and then sell it to you with seller financing. In this video I walked through some real numbers for a real property, purchased through our Pick Your Own program:


Here is the summary of the numbers for the specific home reviewed in the video:

Transaction 1: We buy the home

• Asking Price: $280,000
• Estimated Closing Costs: $5,600
• Purchase + Closing Costs: $285,600

Transaction 2: We sell the home to you with seller financing

• Markup: 12.5%
• Resale Price: $321,300
• Down Payment: $25,000
• Loan Balance: $296,300
• Interest Rate: 7.75%
• Amortization: 30 Years
• Balloon: None
• Monthly Payment (PI): $2,123
• Monthly Taxes + Insurance + Account Servicing: $179
• Monthly Total Payment: $2,325 (The calculator rounded up to the next $25 increment)
• Total Entry Funds: $27,330 (The calculator rounded up to the next $10 increment)

If you have a home you would like us to run the numbers on, please let us know.