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Updated over 5 years ago on . Most recent reply

User Stats

25
Posts
9
Votes
Rob Shipley
  • Tyler, TX
9
Votes |
25
Posts

Buying a multi unit with seller financing then BRRR strategy

Rob Shipley
  • Tyler, TX
Posted
Buying a 9 unit below market value with seller financing. Adding 2 units to a current storage area and updating the property.. then refinance the property with a bank and pay off my existing seller financing note. Need advice on how to go about structuring this deal and and legal advice I might need. Thanks

Most Popular Reply

User Stats

25
Posts
9
Votes
Rob Shipley
  • Tyler, TX
9
Votes |
25
Posts
Rob Shipley
  • Tyler, TX
Replied

@Shea Spinelli it actually went so good I didn’t refinance it.  I’m still using the seller finance note and slowly letting it pay itself down.  

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