Finally got first deal with zero money out of pocket

[Adam Zach]

Investment Info:

Single-family residence buy & hold investment in Fargo.

Purchase price: $219,000
Cash invested: $1

Bought a home for a family who couldnt get a bank loan. We used commercial loan and private money so had zero money out of pocket. We sold it to the family as a contract for deed 30 minutes after we closed so instantly cash flows $500/month.

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

Tired of vacancy, tired of being a property manager, wanted a turn key rental property.

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

The family came to us and we had them shop on the MLS for a home in their price range, we then made an offer on the house that made sense for our monthly P&I payments and a monthly payment the family could afford

How did you finance this deal?

commerical loan plus private money

How did you add value to the deal?

zero.

What was the outcome?

so far so good, have done 8 of these in the past and love them.

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

real estate agents, commercial lenders, title company. attorney to draft CFD. Would recommmend them all if you are in Fargo hit me up.