Mesa, AZ Note Investment

[Jason Gilmore]

Investment Info:

Single-family residence note investment investment in Mesa.

Purchase price: $58,000
Cash invested: $58,000

$58,000 note for down payment on single family property.
1 point paid ($580) at closing, 8.5% interest with one year balloon. Able to be extended for an additional year if both parties agree for an additional point.
$410.83 monthly cash flow ($4,930 annually).

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

Want to gain experience with note investing. Wanted to work with someone who I know, like and trust, who has a track record of paying investors.

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

I was approached by buyer to invest in note.

How did you finance this deal?

Funded with SDIRA

How did you add value to the deal?

Provided funding for down payment

What was the outcome?

Home purchased and rented