Hybrid model in creative financing???

[Ethan Neumann]

Investment Info:

Single-family residence wholesale investment in Durham.

Purchase price: $235,000
Sale price: $255,000

Took over the property sub to and had a seller carry-back the rest of their equity. (Hybrid Model)

There was a tenant in the property until June of 2021 at which point the buyer planned on selling the property. Knowing this, we negotiated the seller down another 15k by stating we could include a balloon payment at the twelve-month mark to cash out the rest of his equity.

The property was worth around 295k-300k, built-in 2011, and in one of the hottest areas in the Triangle.