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Updated almost 3 years ago, 03/07/2022

User Stats

7
Posts
9
Votes
Troy Peterson
  • Property Manager
  • Melbourne, FL
9
Votes |
7
Posts

Cash Flowing Turn key rental with owner finance

Troy Peterson
  • Property Manager
  • Melbourne, FL
Posted

Investment Info:

Single-family residence buy & hold investment in Cocoa.

Purchase price: $125,000
Cash invested: $7,500

Tenant occupied rental property purchased with owner finance with $7500 down.

User Stats

116
Posts
26
Votes
Greg Larson
  • Investor
  • Knoxville, TN
26
Votes |
116
Posts
Greg Larson
  • Investor
  • Knoxville, TN
Replied

@Troy Peterson congrats on the deal!

What was the sellers motivation for seller financing?

User Stats

7
Posts
9
Votes
Troy Peterson
  • Property Manager
  • Melbourne, FL
9
Votes |
7
Posts
Troy Peterson
  • Property Manager
  • Melbourne, FL
Replied

He was retiring and leaving the area and did not want to hassle with a rental any longer. This gave him his desired cash flow without any tenant issues. 

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