Investment Info:

Single-family residence note investment investment in Gilmer.

Purchase price: $2,000
Cash invested: $2,000

residential lot
purchased for : $2000
sold on (Owner Finance Note) no money down for $9,000 at a 6%rate
seller payed all closing/attorney fees and payperwork
amortized over 60 months/5yrs
total $10,440
cashflow $174 a month
seller payed all closing/attorney fees and payperwork

if anyone is interested I will sell the note for only $5,000

What made you interested in investing in this type of deal?


How did you find this deal and how did you negotiate it?

I found the deal on Facebook market listed for 7k .told seller I have 2k cash take it or leave it ,

How did you finance this deal?

bout with $2,000 cash sold on seller finance for $10,440

How did you add value to the deal?

I bout with equity appraises for much more than I payed.
I also purchased all the materials to build a new privacy fence around the property ( on credit card ;) .
the neighbor ended up buying the property from me before I put up the fence , materials where still included with the deal thought so I got out of having to pay a contractor buy ended up being a contractor ;)