It’s a solid way to leverage equity, but as with any financing, make sure the numbers work and you’re comfortable with the risk.

You may also want to look into 2-4 units as those are the easiest to finance and help you grow faster.

TERMS- Deal Type: Seller Finance- List Price: $580,000- Purchase Price: $780,000- Seller Carryback: $693,000- Total Entry: $100,000 Breakdown: Assignment: $13,000 Down: $87,000- PITI: $2,657 Breakdown: Principal & Interest:: $2,000 Taxes: $464Insurance: $193- Rent: $5,250 ($750-800 per unit)- Amortization Years: 28.88- Interest rate: 0%- HOA: NONE- Balloon: NONE- EMD: $5,500- COE: Feb 12, 2025- Occupancy: Occupied, Occupants staying post closing- Title company: PROPERTY DETAILS:MULIT-FAMILY7 Units - 2B/1B per unit- Living sqft: 5,200- Year Built: 1940- Age of Roof: 1- Age of HVAC: New- Age of Water heater: New- Condition of Electrical: Good working condition- Condition of Plumbing: Good working condition

Also, you didnt mention any financing costs, was this built with cash or do you roll that into your cost of construction?

Be sure to research rental demand, zoning laws, and financing options before deciding.

How did you finance this deal?

Consulting a tax professional now can help structure ownership and financing efficiently, ensuring you take full advantage of deductions, depreciation, and potential tax-saving strategies like 1031 exchanges in the future.This post does not create a CPA-Client relationship.

Quote from @Zakiya Zaid: Thanks @Brenden Stadelman, I was just looking into Investor Edge this week, the $4K -$6K raised a red flag, but 100% financing is worth looking into. 

I understand the crime concerns, but why do you think traditional financing is risky?

Traditional MLS How did you finance this deal?