Seller Financing Success !

[Victor Steffen]

Hopefully this post is encouraging for my fellow self-employed/ entrepreneurs/ 1099s in hot markets like Austin and San Antonio:

Mahncke Park San Antonio Texas Quadplex off the MLS. Turnkey. Fully Occupied. 635k purchase price. 20% down. Seller agreed to carry paper at 6.5% interest only and a 36 month balloon.

STRs for comparable units are trading for $95 per night and that price point is seeing average occupancy of 25 nights per month. The POTENTIAL on this one is huge (approx $9500 per month in gross income, net cashflow around $5000/ month... which is insane COCR).

We had zero expectations that our offer would be accepted , but every now and then you get lucky. Really excited for this one!