Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 7 years ago,

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...

Loading replies...