OPPORTUNITY IS KNOCKIN'! My new duplex listing at 149 and 151 Swain Drive offers opportunity for an investor OR an owner occupant! An FHA or VA Buyer can live in one side and rent the other. Both units have recently been remodeled. Each side is 2 bedroom 2 full baths and 2 car garage. Both have Central Heat and Air, Dishwashers, garbage disposals, and tile floors with carpeted bedrooms. Dual pane windows too! Fully occupied by long term tenants. At $309,950 this is a great value! Don't wait.

MY FRIEND and favorite loan officer Wes Rice of Freedom Mortgage gave me the following scenarios for the duplex mentioned above: “The income to qualify for $309,950 sales price on a single family home would be about $75,000 per year ($6,250 monthly). Because of the second unit and the additional income being used, the borrower would only need to make $66,000 per year ($5,500 monthly). If the borrower made $66,000 per year and was buying a single family home they would only qualify for a $269,950 sales price. This scenario is a normal FHA loan at 4.49%. The down payment and closing costs are $17,275.”

Wes’s Option Two: An FHA Platinum program at a rate of 4.75% and a grant. The total cost to get in is only $7,182. These are the remaining closing costs which could be negotiated to be paid by seller…so it could get even better! The annual income limit for the Platinum program is $80,500 per year. Purty cool.

BREAKING NEWS: Training Magazine has just named Keller Williams Realty the Number One Training Organization in the world! I’m not surprised. The excellent training was one of the reasons I moved The Statesman Team to Keller Williams! This business is changing rapidly. As Will Rogers said, “Even if you’re on the right track, you’ll get run over if you just sit there.”

MY TEAM is far from “just sitting there.” FIVE closings this past week and FOUR more scheduled for this coming week, thanks to many of YOU! Your referrals are the lifeblood of our business. Thanks so much for your trust!  Have a great SUPER BOWL tomorrow and a great week, whichever team wins!