Same seller different property

[Leo Hillman]

Investment Info:

Single-family residence buy & hold investment in Macon.

Purchase price: $28,000
Cash invested: $5,600

We grew a very comfortable relationship with the seller of one of our previous purchases and he offered us another property that he was selling at the closing of the previous purchase. We took a look at it and made an offer on the spot

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

It was in the same area as our other purchases around the same price

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

Previous seller from a past deal brought it to us and we immediately made an offer.

How did you finance this deal?

20% down through a local bank

What was the outcome?

We made a connection with the seller who has additional properties for us to buy and he helped bridge the transition between us and the current tenants.