Seller Finance in Texas

[Douglas Vogel]

Investment Info:

Single-family residence buy & hold investment in Corpus Christi.

Purchase price: $30,000
Cash invested: $35,000
Sale price: $77,000

Purchased this SFH with a private loan and sold on seller finance.
Terms:
$11,000 downpayment
20 years
10% interest

Ended up selling the $66,000 note for $45,000 a few months later.

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

Seller financing, proof of concept

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

Craigslist

How did you finance this deal?

Private Investor

How did you add value to the deal?

Seller Finance and some repair

What was the outcome?

GREAT!

Lessons learned? Challenges?

Selling a note for face value with little seasoning.

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

Yes I worked with an RMLO individual to make the seller finance loan.