Good yields on bad houses
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Steve Hodgdon
Investor from Novato, California
posted almost 3 years ago
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this is my smallest deal to date. Bought property for 13,500 plus 3500 to wholesaler. sold on terms to handyman employed by my JV partner. Note purchased by Health Savings Account. 84 payments @ 10% $400/month.
Typically we don't go down to this asset level, but buyer has skills and plan. Already cash flow positive rental for him after 2 months of rehab work.
Point I'm making? 2 - Get an HSA! and have strong partners on the ground.