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Updated about 5 years ago, 10/19/2019
Seller financed deal
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $220,000
Cash invested: $15,000
This is a seller financed buy and hold deal.
What made you interested in investing in this type of deal?
Cash flow
How did you find this deal and how did you negotiate it?
This was a friends parents home. I explained seller financing to the sellers. I gave them a little more then market value to get a low mortgage pay at $800 a month home rents for $1600 a month.