Zero down investment property

[Brandon Johns]

Investment Info:

Single-family residence private money loan investment in Saint Louis.

Purchase price: $52,800
Sale price: $52,800

Seller financed property with zero down.

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

My father owned the property and simply got tired of managing the property. The property also needed rehab and I offered to do the labor instead of having a down payment.

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

See above

How did you finance this deal?

Zero down seller financing

How did you add value to the deal?

I rehabbed the property and brought it to livable condition.

What was the outcome?

I now have my first property

Lessons learned? Challenges?

That creative financing can pay off, and it legitimately is about solving someone's problem

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

N/A

[Brandon Johns]

The rehab was prior to the sale so that it would be livable. The house had been vacant for about a year as the previous tenant could no longer stay due to her age. Having said that though all the carpet had to be replaced, the kitchen flooring was replaced, as well as updating the house in general with paint, trim, etc.