SubTo Long Term Rental - $0 to Seller!

[Landon Moore]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $550,000
Cash invested: $6,125

Purchased SubTo. FHA 3% Interest Rate.

$0.00 to Seller
$5,000.00 to Agent as referral fee
Closing Costs + Taxes

Long Term tenant paying $3,650.00 / mo. on a 12 mo. lease.

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

1% Entry Fee to secure an appreciating asset in the PNW!

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

I called the agent, who had it listed on Zillow

How did you finance this deal?

Cash

How did you add value to the deal?

Cleaned it

Lessons learned? Challenges?

Ask if the seller filed for a forbearance before closing and ensure you have a solid Transaction Coordinator.

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

Agent | Title and Escrow