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Updated about 4 years ago on . Most recent reply

User Stats

11
Posts
2
Votes
Scott Shelton
  • Investor
  • Wilmington, NC
2
Votes |
11
Posts

creative finance flip

Scott Shelton
  • Investor
  • Wilmington, NC
Posted

Investment Info:

Single-family residence other investment in Jacksonville.

Purchase price: $135,000
Cash invested: $8,000
Sale price: $181,000

Took down via creative financing for $8,000 out of pocket; note at $135,000 and sold for $181,000.

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

because it was $8k..?

How did you finance this deal?

cash plus existing financing

How did you add value to the deal?

we spent an hour vacuuming the home.

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