2nd Buy and Hold in Bemidji

[Parker Cermak]

Investment Info:

Single-family residence buy & hold investment in Bemidji.

Purchase price: $142,500
Cash invested: $5,000

Second buy and hold investment property in Bemidji. Purchased with a contract for deed.

Down Payment: 3.5%
Interest Rate: 5.75%
Rent: $2150
Cashflow: $580
CoC Return: 140%
Managed

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

One block from our university in town. No rehab except a new garage door. Esentially turn key.

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

Family friend off market.

How did you finance this deal?

Seller financing.