Seller Financed/ Buy and Hold

[Jason Coleman]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $85,000
Cash invested: $3,500

Seller financed deal. Section 8. Bumped up the rent without having to do any rehab. Seller is holding the note for 5% interest.

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

Seller financing

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

Friend of a friend who had multiple rental properties. I sold two off market, two on market, and purchased two for myself.

How did you finance this deal?

Seller financing. 5% interest. 5 Year balloon. Monthly numbers are a little tighter but that's not the reason I purchased. Low money down for this great deal.

How did you add value to the deal?

Bumped the rent up without rehab. Purchased below market value.

What was the outcome?

Buy and hold, hold, hold. BHHH : )

Lessons learned? Challenges?

Seller financing is a win-win for both the buyer and seller if you structure it correctly.

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

Myself ; ) Not having an official lender on this deal was pretty awesome. Made the whole experience even more fun.