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Updated over 4 years ago,

User Stats

44
Posts
15
Votes
Tracy Tippett
  • Financial Advisor
  • Port St. Lucie
15
Votes |
44
Posts

Found it in the newspaper -

Tracy Tippett
  • Financial Advisor
  • Port St. Lucie
Posted

Investment Info:

Condo buy & hold investment.

Purchase price: $87,000
Cash invested: $4,350

Great Rental property purchased on seller financing - 6% Fixed, 20 Year Term No Pre Payment Penalty

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

Small barrier to entry and great value on property

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

Newspaper advertisement by seller

How did you finance this deal?

Seller finance

How did you add value to the deal?

Downpayment and willingness to take the risk, property cash flow positive from Day 1

What was the outcome?

Ongoing

Lessons learned? Challenges?

Should have bought the other unit that was also available at the time

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

Utilized my mentors in lending and real estate transactional professionals

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