Seller Financed Dupelx

[Justin Ruholl]

Investment Info:

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

Purchase price: $200,000
Cash invested: $60,000

Seller Financed Duplex
200,000 PP
3% Interest
20% down
16,000 Renovations
$673/mo Cashflow (13.47% Coc Return)

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

Interest rates have been the most challenging thing for me, I have been wanting to get a seller financed deal for a long time now,.

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

Found it by calling the owner for 3 years, negotiated through seller finance.

How did you finance this deal?

Seller Financed.
2 investors at 30k each.
33 and 1/3rd split.

How did you add value to the deal?

Will be adding 16k of renovations to unfinished side. New flooring, appliances, ect.

What was the outcome?

Still under Contract.

Lessons learned? Challenges?

Consistently calling is the most important.

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

I am a real estate agent myself, which helped the contract process.