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Updated almost 3 years ago on .

Patrick Rhodes's profile image
Patrick Rhodes's profile image
Patrick Rhodes
  • Real Estate Agent
  • from Manchester
  • Member since Jan 16, 2021
  • Posts 25
  • Votes 22
  • Experience 7 Yrs
  • Investments 3
Connect

User Stats

25
Posts
22
Votes
Patrick Rhodes's profile image
Patrick Rhodes's profile image
Patrick Rhodes
  • Real Estate Agent
  • from Manchester
  • Member since Jan 16, 2021
  • Posts 25
  • Votes 22
  • Experience 7 Yrs
  • Investments 3
Connect
Patrick Rhodes
  • Real Estate Agent
  • Manchester
22
Votes |
25
Posts
Real Estate Deal Analysis & Advice

Off market owner finance

Patrick Rhodes
  • Real Estate Agent
  • Manchester
Posted

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $150,000
Cash invested: $35,000

I purchased this residence fully occupied and it was being rented well below market value and in need of a remodel. I financed it with the owner for 15 years at 3% interest. After turnover & remodel it cashflows $1000/mo.

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