Mixed use office & residential building with Creative Financing

[Brady Bell]

Investment Info:

Other buy & hold investment.

Purchase price: $585,000
Cash invested: $50,000

We purchased this property from the seller and negotiated seller financing with 10% down at a 5% interest rate. Pretty good considering the going rate for a property like this is 7%+ in today's rate environment. We rent out 7 of the offices and the upstairs apartment. We use 2 of the offices for our business. We cashflow over $1000 per month while partially occupying the space