$800K multiple property deal for $15K down-seller financing

[Rodrigo Barrera]

This post is to highlight the benefits of seller financing and building relationships with other landlords in your area.

Yesterday we closed on an $800k deal using seller financing with only $15,000 down. Details on the properties below.

1. Single family house near a college, previous owner bought it after it was in a fire last year, all new systems, basically new historic 100 year old house.

Purchase price: $195,000, $5000 down

Rented for $2000/month, monthly cashflow after expenses (including, taxes, vacancy, repairs etc) approx $350/month

2. Single family house across street from private college built in 2018.

Purchase price: $220,000, $5000 down

Rented for $2300/month, monthly cashflow after expenses (including, taxes, vacancy, repairs etc) approx $450/month

3. Duplex across street from private college built in early 2000s

Purchase price $380,000, $5000 down 

Rented for $4000/month, monthly cashflow after expenses (including, taxes, vacancy, repairs etc) approx $650/month

In Summary, $8300 in gross rents added and $1450 in monthly cashflow, hows that for cash on cash return!

We just want to show people that these deals are out there! Let us know what questions you have!

Cheers,

Rod

[Bonnie Low]

Sounds like an incredible deal. Congratulations! How did you find this deal and did the seller offer seller finance or did you ask?