Creative Deal Structuring= Win Win

[Davonte Lee]

Investment Info:

Single-family residence buy & hold investment in Birmingham.

Purchase price: $87,000

Creative deal 😛 you have to love them, I picked this property up with a loan assumption with 5k down. The 5k came from a private lender my exit is to lease option this puppy, it has about 58k on the back end.

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

I don’t like spending my money.

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

RVM and gave them the old 3 options

How did you finance this deal?

Private Money and a bit of equity on the back end

How did you add value to the deal?

The owners wanted out I gave them the best way out.

What was the outcome?

Another rental in the portfolio

Lessons learned? Challenges?

Don’t be emotional

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

Private lender