Capital Gains Savings/ Seller Finance/ Note Selling

[Meg Harrison]

Investment Info:

Other private money loan investment.

Purchase price: $160,000
Cash invested: $50,000

Seller financing. Facilitated the sale of this unique, rural 80-acre farm property in NE Washington. House was borderline tear down with asbestos siding. Deeded land within Spokane tribe reservation. Happy Seller and Happy Buyer. This deal was properly structured so that it could be sold at any time to a note buyer. Questions about how I can help you buy or sell? Just ask :)

How did you find this deal and how did you negotiate it?

This was an expired listing and a frustrated seller.

How did you finance this deal?

Seller financing

How did you add value to the deal?

Procured a high down payment buyer, which is what worked for this particular situation and structured the deal as a win-win for both parties.

What was the outcome?

The unused property is now a working farm again and the buyers are thriving in this small, rural community. The seller is able to cash out at anytime with a note buyer if they choose to but is still happy collecting the monthly income while he pursues other interests.

Lessons learned? Challenges?

Ask for terms. Once people understand how lucrative it is to be the bank, they get a little addicted to it.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Myself... and yes I do recommend ;)