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View Full Version : For those who want a house in Havasu but think they can't afford it...



locogringo
09-25-2005, 11:48 AM
For those who know me, I feel sorry for you, lol... actually, you know that I have a house in Havasu. We are building two other ones right now and I am offering this up as a consideration for those interested...
The current house we have in Havasu is available as a lease option.
Here is how it works...
There are several benefits of buying this house.
1. No credit checks
2. No income/job verification
3. No substantial down
4. You get all the tax write offs and said benefits of this house as if you owned it already.
5. A one year to 5 year lease potential.
This is what the requirements are...
1. Home is for sale for $325,000. It is a three/2 1500+/- sq. ft. , 3 car garage with lake views off back, 45 ft. driveway. Built in 2002.
2. Lease house one of several ways...
A. $30,000 down with $1400 a month for one to five years
B. $20,000 down with $1800 a month for one to five years
C. $10,000 down with $2000 a month for one to five years
The property is held in a land trust and when purchased will be put in a PAC Inter-Vivos Land Trust which will protect both parties with the property. This means that no one can attach liens, judgments or anything else to this. Not even the IRS can attach a tax lien on the property. The house is yours and you are responible for all upkeep, utilites etc. just as if you had bought it.
If anyone is interested or wants to find out more, let me know.
Daniel
(951)314-3674
House will be available the beginning of November because we still have a couple trips planned.
http://www2.***boat.com/image_center/data/500/26landscaping.JPG
http://www2.***boat.com/image_center/data/500/26driveway.JPG
Garage is 33 feet deep. My 29 ft. Magic fits in the garage sideways.

locogringo
09-25-2005, 02:04 PM
had to edit the monthly amounts. I was lookng at another figure.
Also, on payment one, $400 is applied towards principal reduction per month, payment two is $800 principal reduction per month and payment three is $1000 principal reduction per month.
Cheerio.

PHX ATC
09-25-2005, 02:39 PM
Hey, I've spilled beer in that driveway! :rollside:

Outnumbered
09-25-2005, 10:36 PM
Hey, I've spilled beer in that driveway! :rollside:
Hopefully not AFTER you drank it :skull:

shockwavebd
09-26-2005, 06:53 AM
Hey, I've spilled beer in that driveway! :rollside:
You have spilled beer everywhere................................ :confused:

RiverToysJas
09-26-2005, 07:48 AM
After 5 years do you owe the value then, or the value now?
How deep is the garage?
Thanks, RTJas :D

carreraelite
09-26-2005, 08:51 AM
Hey, I've spilled beer in that driveway! :rollside:
You've spilled beer?? :idea: :confused:

locogringo
09-26-2005, 09:26 AM
:D Toby, seems that you did without a problem also... lol
After 5 years do you owe the value then, or the value now?
It would be the value of what it is at now. The down is obviously applied towards the purchase price of the house also for when the lease does terminate.
How deep is the garage?
33 or 34 feet

locogringo
09-27-2005, 06:58 AM
ttt :D

ChumpChange
09-27-2005, 07:06 AM
It would be the value of what it is at now. The down is obviously applied towards the purchase price of the house also for when the lease does terminate.
So are you saying the loan amount is still 325,000 at the end of the lease? If so, how can there be principal reduction as said in your previous post?
Please explain how this benefit a buyer.

locogringo
09-27-2005, 07:12 AM
Maybe it wasn't clear...
Let's say you choose option one with 30k down. Then the purchase price would be deducted that much.
If they chose a 2 year lease, then an additional $9600 is taken off the purchase price at the end of the lease resulting in a new purchase price of $285,400

bigq
09-27-2005, 07:27 AM
Maybe it wasn't clear...
Let's say you choose option one with 30k down. Then the purchase price would be deducted that much.
If they chose a 2 year lease, then an additional $9600 is taken off the purchase price at the end of the lease resulting in a new purchase price of $285,400
What happens if you can only get a loan at the end of the lease for 200k because the property is only valued at 200k? Would it still be 285k? what if you can't get a loan, do you just walk away or can the lease be renewed?

locogringo
09-27-2005, 08:04 AM
What happens if you can only get a loan at the end of the lease for 200k because the property is only valued at 200k? Would it still be 285k? what if you can't get a loan, do you just walk away or can the lease be renewed?
I find it hard to believe that a house ovr 300k is going to drop in value 40%.
Let's say it did just for fun sake...
1. You could just walk away then and just be out the amount invested not the whole mortgaged amount
2. We could possibly rework the purchase price if it did drop that low or renew the lease.
If you can't get a loan by the end of the lease you can either renew for another year or walk away.

bigq
09-27-2005, 08:25 AM
I find it hard to believe that a house ovr 300k is going to drop in value 40%.
Let's say it did just for fun sake...
1. You could just walk away then and just be out the amount invested not the whole mortgaged amount
2. We could possibly rework the purchase price if it did drop that low or renew the lease.
If you can't get a loan by the end of the lease you can either renew for another year or walk away.
200k was just a value, not that it would drop that far. Just curoius what happens if the person couldn't finance at the original lease value is all. Thanks .

ptboat
09-27-2005, 08:51 AM
What, no grass ? With that price I would hope there is grass on the front lawn !! :D

riverracerx
09-27-2005, 08:52 AM
I have been in this house as well. Nice pad!!

locogringo
09-27-2005, 05:55 PM
I have been in this house as well. Nice pad!!
Nice "pad" on your avatar also

locogringo
09-28-2005, 07:20 PM
one last bump...
I promise.
love u long time

Starloans
09-28-2005, 07:40 PM
What street is it on?