Help structuring a Sub 2

[Peter Bakatselos]

Investment Info:

Other buy & hold investment.

Purchase price: $220,000
Cash invested: $25,300

This is a 10 acre RV resort, 54 sites with 7 buildings and an indoor pool. We are in need of a SUB 2 coach to writ the agreement.

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

Cash flow potential

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

Friends and family.

How did you finance this deal?

Land Contract

How did you add value to the deal?

We have experience with short term rental properties.

What was the outcome?

Increase in revenue

Lessons learned? Challenges?

Sub 2 would have been a better option

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

No