{"id":1653,"date":"2024-07-12T17:41:05","date_gmt":"2024-07-12T17:41:05","guid":{"rendered":"https:\/\/myrealestatedojo.com\/subto\/?p=1653"},"modified":"2024-07-15T17:48:16","modified_gmt":"2024-07-15T17:48:16","slug":"seller-financing-success","status":"publish","type":"post","link":"https:\/\/myrealestatedojo.com\/subto\/seller-financing-success\/","title":{"rendered":"Real Estate Magic: $3,277 Invested, $99,929 Earned in 5 Years!"},"content":{"rendered":"\n\n\n\n\r\n<p><span style=\"font-variant-caps: normal; font-weight: 400; letter-spacing: normal; text-transform: none; caret-color: #000000; color: #000000; font-size: medium;\">Real Estate Magic: $3,277 Invested, $99,929 Earned in 5 Years!<\/span><\/p>\r\n\n\n\n\n\n\n\n<p style=\"font-variant-caps: normal; letter-spacing: normal; caret-color: rgb(0, 0, 0); color: rgb(0, 0, 0);\">Hey gang, this is Mike with My Real Estate Dojo. Today, I want to share an incredible real estate success story: how I turned a $3,277 investment into nearly $100,000 in just five years. This is a testament to the power of real estate investing, particularly through owner finance, subject to investing (subto), and other creative financing strategies.<\/p>\n<p style=\"font-variant-caps: normal; letter-spacing: normal; caret-color: rgb(0, 0, 0); color: rgb(0, 0, 0);\"><br><\/p><h3 style=\"font-variant-caps: normal; letter-spacing: normal; caret-color: rgb(0, 0, 0); color: rgb(0, 0, 0);\">The Journey Begins: Subject-To Investing<\/h3><p style=\"font-variant-caps: normal; letter-spacing: normal; caret-color: rgb(0, 0, 0); color: rgb(0, 0, 0);\">It all started with a subject-to deal. For those unfamiliar, subject-to investing involves taking over the seller&#8217;s existing mortgage. Essentially, I stepped into the seller&#8217;s shoes and began making their monthly payments.&nbsp;<\/p><p style=\"font-variant-caps: normal; letter-spacing: normal; caret-color: rgb(0, 0, 0); color: rgb(0, 0, 0);\"><br><\/p>\n<p style=\"font-variant-caps: normal; letter-spacing: normal; caret-color: rgb(0, 0, 0); color: rgb(0, 0, 0);\">Here\u2019s how the numbers broke down:<\/p><ul style=\"font-variant-caps: normal; letter-spacing: normal; caret-color: rgb(0, 0, 0); color: rgb(0, 0, 0);\"><li><strong>Seller Payment<\/strong>: $250<\/li><li><strong>Seller&#8217;s Back Payments<\/strong>: $2,000<\/li><li><strong>HOA Closing Costs<\/strong>: $250<\/li><li><strong>Title Company Closing Costs<\/strong>: $773<\/li><li><strong>Total Investment<\/strong>: $3,273<\/li><\/ul><div><span style=\"caret-color: rgb(0, 0, 0);\"><br><\/span><\/div>\n<div><span style=\"caret-color: rgb(0, 0, 0);\"><br><\/span><\/div><p style=\"font-variant-caps: normal; letter-spacing: normal; caret-color: rgb(0, 0, 0); color: rgb(0, 0, 0);\">With this initial investment, I acquired the property and started managing it as a rental.<\/p><h3 style=\"font-variant-caps: normal; letter-spacing: normal; caret-color: rgb(0, 0, 0); color: rgb(0, 0, 0);\">Turning Passive Income into Major Gains<\/h3><p style=\"font-variant-caps: normal; letter-spacing: normal; caret-color: rgb(0, 0, 0); color: rgb(0, 0, 0);\">For the past five years, this property has generated approximately $400 per month in rental income. Over five years, that adds up to around $22,000.&nbsp;<\/p><p style=\"font-variant-caps: normal; letter-spacing: normal; caret-color: rgb(0, 0, 0); color: rgb(0, 0, 0);\"><br><\/p><p style=\"font-variant-caps: normal; letter-spacing: normal; caret-color: rgb(0, 0, 0); color: rgb(0, 0, 0);\">Here\u2019s the calculation:<\/p><ul style=\"font-variant-caps: normal; letter-spacing: normal; caret-color: rgb(0, 0, 0); color: rgb(0, 0, 0);\"><li><strong>Monthly Rental Income<\/strong>: $400<\/li><li><strong>Total Rental Income Over 5 Years<\/strong>: $400 x 60 months = $24,000<\/li><\/ul>\n<div><br><\/div><p style=\"font-variant-caps: normal; letter-spacing: normal; caret-color: rgb(0, 0, 0); color: rgb(0, 0, 0);\">This consistent cash flow significantly boosted my overall earnings from the property.<\/p><h3 style=\"font-variant-caps: normal; letter-spacing: normal; caret-color: rgb(0, 0, 0); color: rgb(0, 0, 0);\">The Big Payoff: Selling the Property<\/h3><p style=\"font-variant-caps: normal; letter-spacing: normal; caret-color: rgb(0, 0, 0); color: rgb(0, 0, 0);\">Now, I\u2019m heading to the title company to close on the sale of this property. Here\u2019s how the final numbers look:<\/p><p style=\"font-variant-caps: normal; letter-spacing: normal; caret-color: rgb(0, 0, 0); color: rgb(0, 0, 0);\"><br><\/p><ul style=\"font-variant-caps: normal; letter-spacing: normal; caret-color: rgb(0, 0, 0); color: rgb(0, 0, 0);\"><li><strong>Gross Sale Proceeds<\/strong>: $77,492<\/li><li><strong>Closing Costs<\/strong>: Approximately $10,000<\/li><li><strong>Net Proceeds<\/strong>: $67,492<\/li><\/ul><h3 style=\"font-variant-caps: normal; letter-spacing: normal; caret-color: rgb(0, 0, 0); color: rgb(0, 0, 0);\">Summing It All Up: The Real Estate Success Story<\/h3><p style=\"font-variant-caps: normal; letter-spacing: normal; caret-color: rgb(0, 0, 0); color: rgb(0, 0, 0);\">When you add the $24,000 in rental income to the $67,492 in net proceeds, my total earnings come to about $99,929.&nbsp;<\/p><p style=\"font-variant-caps: normal; letter-spacing: normal; caret-color: rgb(0, 0, 0); color: rgb(0, 0, 0);\"><br><\/p><p style=\"font-variant-caps: normal; letter-spacing: normal; caret-color: rgb(0, 0, 0); color: rgb(0, 0, 0);\">Here\u2019s a quick summary:<\/p><ul style=\"font-variant-caps: normal; letter-spacing: normal; caret-color: rgb(0, 0, 0); color: rgb(0, 0, 0);\"><li><strong>Initial Investment<\/strong>: $3,273<\/li><li><strong>Total Rental Income<\/strong>: $24,000<\/li><li><strong>Net Proceeds from Sale<\/strong>: $67,492<\/li><li><strong>Total Earnings<\/strong>: $24,000 + $67,492 = $99,929<\/li><li><br><\/li><\/ul><h3 style=\"font-variant-caps: normal; letter-spacing: normal; caret-color: rgb(0, 0, 0); color: rgb(0, 0, 0);\">Why This Works: The Power of Creative Financing<\/h3><p style=\"font-variant-caps: normal; letter-spacing: normal; caret-color: rgb(0, 0, 0); color: rgb(0, 0, 0);\">This success story highlights the effectiveness of creative financing strategies such as owner finance, subject-to investing, and wraparound mortgages. By focusing on motivated sellers and leveraging existing mortgages, you can acquire properties with minimal upfront costs and generate significant returns.<\/p>\n<p style=\"font-variant-caps: normal; letter-spacing: normal; caret-color: rgb(0, 0, 0); color: rgb(0, 0, 0);\"><br><\/p><h3 style=\"font-variant-caps: normal; letter-spacing: normal; caret-color: rgb(0, 0, 0); color: rgb(0, 0, 0);\">Key Takeaways for Aspiring Real Estate Investors<\/h3><ol style=\"font-variant-caps: normal; letter-spacing: normal; caret-color: rgb(0, 0, 0); color: rgb(0, 0, 0);\"><li><strong>Focus on Motivated Sellers<\/strong>: Target homeowners who need to sell quickly due to financial or emotional reasons.<\/li><li><strong>Leverage Creative Financing<\/strong>: Use strategies like subject-to investing and owner financing to acquire properties without traditional bank loans.<\/li><li><strong>Patience Pays Off<\/strong>: Real estate investing requires patience and persistence. Plant the seed, nurture it, and wait for it to harvest.<\/li><\/ol><h3 style=\"font-variant-caps: normal; letter-spacing: normal; caret-color: rgb(0, 0, 0); color: rgb(0, 0, 0);\">Final Thoughts<\/h3>\n<div><br><\/div><p style=\"font-variant-caps: normal; letter-spacing: normal; caret-color: rgb(0, 0, 0); color: rgb(0, 0, 0);\">As a refugee to America with no initial connections or resources, I\u2019ve proven that with passion, hunger, and hard work, anyone can achieve success in real estate investing. If I can turn a $3,273 investment into $99,929, so can you.<\/p>\n<p style=\"font-variant-caps: normal; letter-spacing: normal; caret-color: rgb(0, 0, 0); color: rgb(0, 0, 0);\"><br><\/p><p style=\"font-variant-caps: normal; letter-spacing: normal; caret-color: rgb(0, 0, 0); color: rgb(0, 0, 0);\">Stay tuned for more detailed videos and explanations on how I executed this deal. Follow me to learn more about real estate investing, and remember, don\u2019t take no for an answer.<\/p><hr style=\"font-variant-caps: normal; letter-spacing: normal;\"><p style=\"font-variant-caps: normal; letter-spacing: normal; caret-color: rgb(0, 0, 0); color: rgb(0, 0, 0);\">This is Mike with My Real Estate Dojo. Have a great day, gang, and keep hustling!<\/p>\n\n\n\n\n\r\n<p style=\"font-family: 'Helvetica Neue'; font-size: 13px; line-height: normal; color: #070606; font-variant-caps: normal; letter-spacing: normal; text-align: center; font-stretch: normal; font-size-adjust: none; font-kerning: auto; font-variant-alternates: normal; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-position: normal; font-feature-settings: normal; font-optical-sizing: auto; font-variation-settings: normal;\">\u00a0<\/p>\r\n<p style=\"font-family: 'Helvetica Neue'; font-size: 13px; line-height: normal; color: #070606; font-variant-caps: normal; letter-spacing: normal; text-align: center; font-stretch: normal; font-size-adjust: none; font-kerning: auto; font-variant-alternates: normal; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-position: normal; font-feature-settings: normal; font-optical-sizing: auto; font-variation-settings: normal;\">Thanks for clicking the LIKE and Subscriber button. Thanks for watching!! \u00a0<\/p>\r\n<p style=\"font-family: 'Helvetica Neue'; font-size: 13px; line-height: normal; color: #070606; font-variant-caps: normal; letter-spacing: normal; text-align: center; font-stretch: normal; font-size-adjust: none; font-kerning: auto; font-variant-alternates: normal; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-position: normal; font-feature-settings: normal; font-optical-sizing: auto; font-variation-settings: normal; min-height: 15px;\">\u00a0<\/p>\r\n\n\r\n<p style=\"font-family: 'Helvetica Neue'; font-size: 13px; line-height: normal; color: #070606; font-variant-caps: normal; letter-spacing: normal; text-align: center; font-stretch: normal; font-size-adjust: none; font-kerning: auto; font-variant-alternates: normal; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-position: normal; font-feature-settings: normal; font-optical-sizing: auto; font-variation-settings: normal;\">\ud83d\ude80 Your Complete Guide To Buying Real Estate Without Borrowing From a Bank, Without Using Your Credit, and Without Needing Piles of Cash. \u00a0<\/p>\r\n<p style=\"font-family: 'Helvetica Neue'; font-size: 13px; line-height: normal; color: #070606; font-variant-caps: normal; letter-spacing: normal; text-align: center; font-stretch: normal; font-size-adjust: none; font-kerning: auto; font-variant-alternates: normal; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-position: normal; font-feature-settings: normal; font-optical-sizing: auto; font-variation-settings: normal;\">\u25b6\ufe0e<span style=\"color: #070606; font-variant-caps: normal; letter-spacing: normal;\">Download now<\/span><span style=\"color: #070606; font-family: 'Helvetica Neue'; font-size: 13px; font-variant-caps: normal; letter-spacing: normal;\">\u00a0 \u00a0\u00a0<\/span><\/p>\r\n<p style=\"font-family: 'Helvetica Neue'; font-size: 13px; line-height: normal; color: #070606; font-variant-caps: normal; letter-spacing: normal; text-align: center; font-stretch: normal; font-size-adjust: none; font-kerning: auto; font-variant-alternates: normal; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-position: normal; font-feature-settings: normal; font-optical-sizing: auto; font-variation-settings: normal; min-height: 15px;\">\u00a0<\/p>\r\n<p><span style=\"font-family: 'Helvetica Neue'; font-size: 13px; font-variant-caps: normal; letter-spacing: normal; text-align: center; font-stretch: normal; line-height: normal; font-size-adjust: none; font-kerning: auto; font-variant-alternates: normal; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-position: normal; font-feature-settings: normal; font-optical-sizing: auto; font-variation-settings: normal;\">\u00a0<\/span><\/p>\r\n\n<p><span style=\"font-family: 'Helvetica Neue'; font-size: 13px; font-variant-caps: normal; letter-spacing: normal; text-align: center; font-stretch: normal; line-height: normal; font-size-adjust: none; font-kerning: auto; font-variant-alternates: normal; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-position: normal; font-feature-settings: normal; font-optical-sizing: auto; font-variation-settings: normal;\">\ud83d\udcb5<\/span><span style=\"color: #070606; font-family: 'Helvetica Neue'; font-size: 13px; font-variant-caps: normal; letter-spacing: normal; text-align: center;\">&nbsp;My In-depth Virtual Assistant Course&nbsp;&nbsp;<\/span><span style=\"font-family: 'Times New Roman'; font-size: 13px; font-variant-caps: normal; letter-spacing: normal; text-align: center; font-stretch: normal; line-height: normal; font-size-adjust: none; font-kerning: auto; font-variant-alternates: normal; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-position: normal; font-feature-settings: normal; font-optical-sizing: auto; font-variation-settings: normal;\">\u25b6\ufe0e<\/span><span style=\"color: #070606; font-family: 'Helvetica Neue'; font-size: 13px; font-variant-caps: normal; letter-spacing: normal; text-align: center;\">&nbsp;Download now&nbsp;<\/span>.<\/p>\n<p><br><\/p>\n<p><span style=\"caret-color: rgb(0, 0, 0); color: rgb(0, 0, 0); font-size: medium;\">Disclaimer: This video is for educational purposes only. Individual results may vary. Always conduct your own research and consult with a professional before making any investment decisions.<\/span>&nbsp;<\/p>\n\n\n\n\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":635,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"pagelayer_contact_templates":[],"_pagelayer_content":"","footnotes":""},"categories":[18],"tags":[46,43,44,45,35,25,40,42,22,21,23,24,41],"class_list":["post-1653","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-owner-finance","tag-creating-note","tag-creative-finance","tag-owner-carrey","tag-owner-carry-note","tag-owner-finance","tag-owner-financing","tag-rent-to-own","tag-seller-finance","tag-sub-2","tag-sub-to","tag-subject-to-investing","tag-subject-to-real-estate-investing","tag-we-buy-houses"],"_links":{"self":[{"href":"https:\/\/myrealestatedojo.com\/subto\/wp-json\/wp\/v2\/posts\/1653","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/myrealestatedojo.com\/subto\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/myrealestatedojo.com\/subto\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/myrealestatedojo.com\/subto\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/myrealestatedojo.com\/subto\/wp-json\/wp\/v2\/comments?post=1653"}],"version-history":[{"count":0,"href":"https:\/\/myrealestatedojo.com\/subto\/wp-json\/wp\/v2\/posts\/1653\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/myrealestatedojo.com\/subto\/wp-json\/wp\/v2\/media\/635"}],"wp:attachment":[{"href":"https:\/\/myrealestatedojo.com\/subto\/wp-json\/wp\/v2\/media?parent=1653"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/myrealestatedojo.com\/subto\/wp-json\/wp\/v2\/categories?post=1653"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/myrealestatedojo.com\/subto\/wp-json\/wp\/v2\/tags?post=1653"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}