After evaluating the numbers, we negotiated a purchase price of $45,000, ensuring enough margin to cover renovations and still secure a solid profit.

Partnering with family and securing owner financing to acquire the property below asking price was a smart move, and the renovations sound like they added significant value.As a direct lender, I’d love to explore how we might assist with your future growth, especially as you look to scale into larger multi-family investments.

If I could re-frame, and put myself in your shoes, I would look for a money partner to help secure rehab properties. 

Operations and Security Deposit accounts

And add an additional security deposit, but more importantly is "Why".  

Then you are stuck getting someone to secure the unit if they do that.  

I invested as a sophisticated investor, although I have no professional accreditations.

Whether you’re looking to secure financing for a new property or refinance an existing one, I can offer the guidance and support you need to make the most of these opportunities.

So even though you have a compounding loan balance, 100% of the cash value, securing the loans is also growing and compounding.

If you have any more questions or think you'll need help securing funding for any future projects, feel free to DM me.