Updated over 6 years ago on .
Making the home turn key.
Investment Info:
Single-family residence fix & flip investment in Mantua.
Purchase price: $70,000
Cash invested: $35,000
Sale price: $140,000
Owner financed with balloon payment on transfer
What made you interested in investing in this type of deal?
To help out homeowners. They were under contract with a lender that pre approved them and shouldn't have. It was last minute and they needed 14k to get into their new house. I gave them the money as a down payment owner financed their home, fixed what needed to be fixed to get a buyer and sold it.
How did you finance this deal?
owner finance
How did you add value to the deal?
the property would not have sold in time in the condition it was on.