Seller finance Deal

[Dw Chalmers]

Investment Info:

Single-family residence note investment investment.

Purchase price: $9,000
Cash invested: $10,329

Here is a 4bd 2ba house we closed on. Utilizing all cash and will actually resell this property as is using seller financing.Taking a first position mortgage the buyer is already under contract as of today paying purchase $45,000 at a monthly payment $800 per month 3 yr term. Projected profit $36,000 We have so many buyers looking to purchase this property and similar structures such as this one.

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

we believe that every deal has a buyer if the structure is setup properly there is always a customer for seller financing

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

Seller called us seen one of our bandit signs locally in the market

How did you finance this deal?

all cash

How did you add value to the deal?

Buy purchasing the asset

What was the outcome?

down payment 10,000
monthly payment $800.00
3 yr term
sales price $45,000

projected profit $36,000

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

no