1st Investment Property

[Nathaniel Wenner]

Investment Info:

Single-family residence buy & hold investment in Saint Peter.

Purchase price: $95,000
Cash invested: $19,000

A single-family home that is currently rented and in the process of a slow rehab. Currently purchases with seller financing and hoping to refinance after rehabing.

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

There was a good price and seller financing.

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

I found the deal through a family member and the deal was negotiated directly with the seller.

How did you finance this deal?

It was seller financed for 25 years at 3.5% with a ballon at 3 years

How did you add value to the deal?

Cleaning up the property, fixing the basement and small interior remodel.

What was the outcome?

Still in the process of rehabing.

Lessons learned? Challenges?

Learning as I am going.