Khalil Shabazz
Richmond, VA (USA)
Role(s):
New Estates LLC
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Startup
Location:
Richmond
Industry:
Real Estate
Year Founded:
2007
Number Employees:
INVALID
Description:
New Estates LLC Option to Purchase Principles.
Out in the real estate market, we like to think of the seller’ asking price as a negotiable monthly mortgage note. We then, negotiate it to where our nearest buyer/prospect stands with monthly affordability.
We endeavor to buy at least a year of the seller’s mortgage up front. It’s usually no more than $40,000 for a New executive home. In most cases, it's $15-20 thousand dollars for a 1 year option on great New homes between 1000 and 3000 square feet.
This in stark contrast to the $60-$80 spent on investing in rehabillitation projects.
(Besides, the rehabbers need to sell/lease thier new historically renovated homes.... don't they?)
The market already has plenty of buyers who are singing the blues about the sub-prime mortgage
Manager
New Estates LLC
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Service Provider
Location:
Richmond
Description:
New Estates LLC Option to Purchase Principles.
Out in the real estate market, we like to think of the seller’ asking price as a negotiable monthly mortgage note. We then, negotiate it to where our nearest buyer/prospect stands with monthly affordability.
We endeavor to buy at least a year of the seller’s mortgage up front. It’s usually no more than $40,000 for a New executive home. In most cases, it's $15-20 thousand dollars for a 1 year option on great New homes between 1000 and 3000 square feet.
This in stark contrast to the $60-$80 spent on investing in rehabillitation projects.
Services Provided:
- Real Estate