First offer made today!

[Mark DePhilippe]

Made an offer today on my first investment property. Seller financed deal so well see what happens..heres the low down

Triplex in Frederica, De

$275k asking price

Full price offer

$10k down payment(owner financed over the first year)

15 year term, $1472 paid to seller every month, no balloon, 0% interest, seller pays closing costs.

Current rent - $2200
Rent after updates- $3000 with garage space rented out