Purchase price: $255,000 Cash invested: $75,000 Sale price: $415,000 Getting a little more comfortable with our processes

You take a short class 30 minutes over the phone and once you finish this process you typically can save around 1% off your rate!

@Jonathan Klemm we are in the process of making A LOT of renovations.

This significantly simplifies the process as it takes the secondary market out of the construction part of the process. 

Ideally, I’m looking for buyers who can offer fair deals and make the process smooth.If you’ve sold owner-financed notes before, I’d love to hear about your experience—any tips or lessons learned would be greatly appreciated!

The process is very involved as you'll have to navigate pre-construction activities that involve architectural plans and approval from the city and then the construction activities (Shovel to soil) take anywhere from 5-9 months depending on how much your building. 

Always a good idea to include a tax accountant in your decision-making process. 

This is important because these are generally the property owners with standing to file an appeal if they are not satisfied with the plans which can become a drawn out and expensive process.  

And for anyone considering them, what questions do you have about the process?

What would push the needle for you as a broker to confidently move forward with a buyer in the process of acquiring a building?