Seller Financed BRRRR Deal LTR

[Caleb Drake]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $21,675
Cash invested: $4,200

Another BRRRR deal. Seller financed the purchase and private money for the rehab. My PML and I started an LLC and decided to hold this one instead of flip it. It is now rented at $975/mo. Awaiting the appraisal (6/14) but it should appraise for around $80k.

What made you interested in investing in this type of deal?

Seller financing and Private Money. All I paid was interest and closing costs

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

Off-market mailer

How did you finance this deal?

Seller-Finance/Private Money

How did you add value to the deal?

Full rehab

What was the outcome?

$400/mo passive income

Lessons learned? Challenges?

Manage contractors better