Innovative RE Investment Strategy

[Everett McCurdy]

Investment Info:

Single-family residence note investment investment.

Purchase price: $34,000
Cash invested: $34,000
Sale price: $79,000

I bought this home in Flint's Opportunity Zone and sold with owner financing, putting another family in a home they wanted but could never afford traditionally, raised the city's tax roll and improved the neighborhood at the same time. I like what I do.

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

The long term cash flow and high ROI.

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

Zillow. Offered 4k less than asking, compromised at 2k less

How did you finance this deal?

HELOC

How did you add value to the deal?

I take on the risk by selling to families who dont qualify for traditional bank financing

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

I did.