24 Unit Apartment - Owner Financing

[Sam Kwak]

Investment Info:

Large multi-family (5+ units) buy & hold investment in Aurora.

Purchase price: $1,500,000
Cash invested: $170,000

24 Unit Apartment Complex using Owner Financing Acquisitions.

[Sam Kwak]

Hey @Brandon Sturgill, we're going to go back and fill in the details but to answer your question. We did Contract-For-Deed acquisition on this (installment contract) for $170,000 down, 20 year amortization, 4% interest with a 10 year balloon but the seller has the option to continue riding on the payment instead of ballooning it. We actually found this because it was listed and there were other offers on it but we showed the seller how owner financing can help them with deferring their capital gains taxes.