All Forum Posts by: Drew T Heberer

Hey everyone,

We're looking at purchasing a property and part of the financing is a portion seller-financed. I was wondering if there was a tool within the tools > Calculators that allows you to account for the different financing?

If not, how are you handing the financing here in situations like this? Off BP?

I'd be interested in purchasing this or listing it for you. I'm a real estate agent in Davenport, IA, and the QC Area, as well as an investor. Reach out if you want to connect more and see how I can help you out.

Awesome! If you ever want to connect. I'm from Davenport, IA. 

Thank you to everyone for the support! Now we're going to use that capital to chase down some Multi-Family deals!

Thank you! It was definitely a lucky one, but nonetheless, the one that got us started!

Investment Info:

Single-family residence wholesale investment.

Purchase price: $12,500
Sale price: $55,000

Bought REO properties from a bank for $12,500, resold them to an investor in Peoria for $55,000 the same day.

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

Nothing, I got a call and the opportunity was there so I investigated it further, reached out to my network, and just put it together out of thin air so-to-speak.

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

A friend/banker called me. He wanted 30k, we offered 12.5k, they accepted. I reached out to our network of investors, informed them we had 6 homes for sale in the area, they offered $55k and we accepted

How did you finance this deal?

We didn't spend a penny on the deal. No financing is necessary.

How did you add value to the deal?

NA

What was the outcome?

$42,500 in profit

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Yes.