I have just received information from some of our local builders that the following builder lease-backs are now available. As many of you know, these haven't been available for a while, and when they do pop up, are often snatched up very quickly by savvy investors. These are all new construction. The Builder's monthly lease will cover your interest payment (and principle if you choose to amortize). The builder will pay all taxes, insurance and HOA fees during the time of the lease.
This is a great opportunity to walk into instant cashflow with the builder's model homes. Many of these are being built at the early phases of the neighborhood, which is prior to the builder's price increases this can mean built in equity down the line for you). Leases are 12 months on average. In addition, the builder may be open to letting you to keep furnishings used in the models at the end of the lease.
This is a perfect option for those looking for guaranteed income on rental opportunities with built-in cashflow, or anyone with 1031 exchange funds looking for a place to reinvest. In addition, if you are interested in moving into a new home in the Triangle in the next year or so, this opportunity is perfect for you.
The numbers are below. I have verified non-owner-occupied with one of my local lenders at 10% down with no mortgage insurance at 6.125% interest only. Call or email with any questions, although I don't think these will last long.
| Price | Mortgage | Interest Payment @ 6.125% | Monthly Lease | Monthly Cashflow |
| 319900 | 287910 | $1,469.06 | $1,933.00 | $463.94 |
| 729900 | 656910 | $3,351.88 | $4,410.00 | $1,058.12 |
| 499900 | 449910 | $2,295.67 | $3,020.00 | $724.33 |
| 399900 | 359910 | $1,836.44 | $2,416.00 | $579.56 |
| 419900 | 377910 | $1,928.29 | $2,537.00 | $608.71 |
| 499900 | 449910 | $2,295.67 | $3,020.00 | $724.33 |
| 459900 | 413910 | $2,111.98 | $2,779.00 | $667.02 |
| 719900 | 647910 | $3,305.96 | $4,349.00 | $1,043.04 |
| 639900 | 575910 | $2,938.58 | $3,866.00 | $927.42 |
Tiffany Elder, MBA
Realty Executives Southpointe
phone: (919) 260-2507
fax: (866) 854-4717
www.tiffanyelder.com
tiffany@tiffanyelder.com
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