Owner financed 4 house portfolio

[Tom Humrickhouse]

Investment Info:

Single-family residence buy & hold investment in Concord.

Purchase price: $60,000
Cash invested: $35,000

2/1 SFH in an appreciating area of town.

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

There is an equity play as well as positive cashflow

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

Found it on a Facebook Investor page through a wholesaler

How did you finance this deal?

This house was 1 of 4 that we packaged together. Properties were owner financed over 5 years with 10% down and 25% due annually for 4 years.

How did you add value to the deal?

Homes were in poor condition. We reconfigured the flow of the house, raised the ceiling in the bathroom and used above average finishes, so we were able to rent them for a premium.