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Updated about 10 years ago on . Most recent reply

Account Closed's profile image
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Account Closed
  • from Austin, Texas
  • Member since Feb 27, 2015
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Account Closed's profile image
Account Closed's profile image
Account Closed
  • from Austin, Texas
  • Member since Feb 27, 2015
Connect
Account Closed
  • Austin, TX
33
Votes |
102
Posts
Buying & Selling Real Estate

Completed My 26th Distressed House Deal

Account Closed
  • Austin, TX
Posted

Last week I completed my 26th distressed house deal, this last one in TX. I have rentals, but this one was a seller finance house. $55,500 purchase price cash (I use a SD 401k) 10k rehab, found me a buyer in 6 weeks. I now just hold the note on that and make $825 per month PITI.


This was before the minor rehab, it's been painted and flooring put in, some minor plumbing, light fixtures added. 

I like the seller finance deals, just check with your lawyer on all the Dodd Frank regs and you'll be fine !

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