successful rehab owner financed

[Terri Shotwell]

Investment Info:

Single-family residence note investment investment.

Purchase price: $5,000
Cash invested: $40,000

owner financed home at 89.900 with investment of 45k total home is 1940 we rehabbed completly...roof too new pier an beams, winows to doors, redesigned layout an added a half bath with laundry room/additional 85 sq ft

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

price was right

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

through our pastor...no negotiation necessary

How did you finance this deal?

cash

How did you add value to the deal?

we are contractors so we did it ourselves

What was the outcome?

owner finance, 15y term will net 135k

Lessons learned? Challenges?

be your own contractor if possible...….very shady contractors in this part of oklahoma

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

no