Bought a duplex with seller financing using only 10% down, funded by cash flow from another seller-financed property. The turnkey property generates immediate positive cash flow and is projected to net about $200,000.
Chapters
This property was purchased 10% down, seller financed. The actual down payment came from the refinance of another property I bought, also 10% down, seller financed. But when you're talking about buying properties, people are like, oh, so you're just buying slummy properties in nice areas? No, I'm buying nice properties in nice areas. Look at this, this thing is absolutely adorable. This is a huge duplex. Is it going to make me a million dollars? No, it'll make me about $200,000. But little units, base hits. You buy these deals— I love buying nice housing. These have been completely turnkey. There's no renovations that went into these whatsoever. We negotiated a good price and good terms, and we bought a deal cash flows day one. Not my heaviest-hitting deal. It's also the least work I've ever done on a property. There you go. Go buy nice stuff.