Seller Financing Buy and Hold

[Tyler Puzio]

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $120,000
Cash invested: $240,000

Off market seller finance deal

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

Getting our feet wet with out of state deals

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

Wholesaler from a facebook group

How did you finance this deal?

20% down payment with the rest seller financed on a 15 year note amortized over 30 years

How did you add value to the deal?

Lipstick renovations

What was the outcome?

Fully occupied and cash flowing

Lessons learned? Challenges?

Always ask for the rent ledger vs the rent roll. Only asking for the rent roll led to 2 evictions.