2.6% interest rate with Seller Financing - Any deal makes sense

[Daniel Tanasa]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $241,000
Cash invested: $20,000

I bought this house Seller Financing with 2.6% interest amortized over 30 years with a 5 years balloon. The monthly payment PITI is about 1400 and I am expecting to rent it for about 2200 for a section 8 tenant. So I will probably make about $500/month in Net Cashflow. The house only needed only paint to make it nice and clean for next tenants. So considering the 20k needed to get into the deal and the $500/month in Net Cashflow, this deal is bringing a pretty good 30% CoC ROI.

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

I found the Deal on the market and reached out to the Agent

How did you finance this deal?

Seller Financing

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

I represented myself as a buyer and also got a commission out of this sell.