Updated over 6 years ago on .
Buy and Hold- 8 Units
Investment Info:
Large multi-family (5+ units) buy & hold investment.
Purchase price: $295,000
Cash invested: $40,000
I secured this deal thru seller finance with $40k down, I had a townhouse that was almost paid for so after closing I refinanced that to pay myself back the $40k out of pocket. Seller financing is a great way to secure property, low financing, low money down, and the seller loves the tax advantage.
What made you interested in investing in this type of deal?
The terms and the purchase price
How did you find this deal and how did you negotiate it?
After looking at the property and talking to the owner in the yard for a few minutes, I knew we would be able to work this out.
How did you finance this deal?
Seller financing
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Just myself :)