This is what my $23K seller financed SFR looks like after rehab.
I just completed the rehab on a 3/1.5 SFR that I purchased through seller financing.
purchase price $23K
10% down, 12 payments- based on a 5% interest rate, and amortized over 20 years. A balloon at the end of the 12 months.
I invested $12,600 out of pocket. $5,500 of that was dp, closing cost and tree removal.
I have it listed at $750/per month, but I'm thinking I'll go the section 8 route though. So it might rent for a little less, but it will be guaranteed.
Attaching a link to video. Let me know what you think. Thanks for the time.