just did my 1st owner finance note to a buyer
Investment Info:
Single-family residence note investment investment in Gilmer.
Purchase price: $2,000
Cash invested: $2,000
residential lot
purchased for : $2000
sold on (Owner Finance Note) no money down for $9,000 at a 6%rate
seller payed all closing/attorney fees and payperwork
amortized over 60 months/5yrs
total $10,440
cashflow $174 a month
seller payed all closing/attorney fees and payperwork
if anyone is interested I will sell the note for only $5,000
What made you interested in investing in this type of deal?
I is in a GREAT LOCATION
How did you find this deal and how did you negotiate it?
I found the deal on Facebook market listed for 7k .told seller I have 2k cash take it or leave it ,
How did you finance this deal?
bout with $2,000 cash sold on seller finance for $10,440
How did you add value to the deal?
I bout with equity appraises for much more than I payed.
I also purchased all the materials to build a new privacy fence around the property ( on credit card ;) .
the neighbor ended up buying the property from me before I put up the fence , materials where still included with the deal thought so I got out of having to pay a contractor buy ended up being a contractor ;)
