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15
Posts
9
Votes
Rodrigo Barrera
  • Rental Property Investor
  • Kalamazoo, MI
9
Votes |
15
Posts

seller financing close to college

Rodrigo Barrera
  • Rental Property Investor
  • Kalamazoo, MI
Posted

Investment Info:

Single-family residence buy & hold investment in Kalamazoo.

Purchase price: $195,000
Cash invested: $5,000

Historical house that underwent a complete gut job, new plumbing, electric, hvac, drywall, roof, insulation, after a fire that occurred at the property in 2019. acquisition also included a buildable lot in the back.

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

Everything in the house was pretty much NEW all major systems etc, purchase included a buildable lot in the back.

How did you finance this deal?

seller financing

What was the outcome?

leased it for $2000/month