2nd Buy and Hold in Bemidji
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.
