Hector Ave Owner Finance Exit

[Marty Vasquez]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $90,000
Cash invested: $9,800
Sale price: $154,000

Refinanced with wrapable loan product. Sold with owner financing with $34,000 down. Net cash it deal is $9,800.

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

Good location for seller financing.

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

Purchased off MLS.

How did you finance this deal?

Cash and refinance with portfolio lender.

How did you add value to the deal?

Rehab $34,000.

What was the outcome?

Property wend under contract for sale immediately.

Lessons learned? Challenges?

Final rehab expense is always higher than initial rehab expense.

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

Ultimate Building and Remodeling - Jesus Flores