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Updated about 7 years ago on . Most recent reply

User Stats

38
Posts
10
Votes
Graham Nash
  • Investor
  • Gray, GA
10
Votes |
38
Posts

This is what my $23K seller financed SFR looks like after rehab.

Graham Nash
  • Investor
  • Gray, GA
Posted

I just completed the rehab on a 3/1.5 SFR that I purchased through seller financing.

purchase price $23K

10% down, 12 payments- based on a 5% interest rate, and amortized over 20 years. A balloon at the end of the 12 months. 

I invested $12,600 out of pocket. $5,500 of that was dp, closing cost and tree removal. 

I have it listed at $750/per month, but I'm thinking I'll go the section 8 route though. So it might rent for a little less, but it will be guaranteed. 

Attaching a link to video. Let me know what you think.  Thanks for the time. 

https://www.youtube.com/watch?v=3gFR1AfmG0o&featur...

Most Popular Reply

User Stats

19
Posts
5
Votes
Jack D.
  • Northford, CT
5
Votes |
19
Posts
Jack D.
  • Northford, CT
Replied

thank you @Graham Nash..appreciate the feedback.  Good luck to you.

  • Jack D.
  • Loading replies...