Hayden bought a 75-unit storage facility for $1.2 million using seller financing: 25% down, 4% interest, 25-year amortization with a 5-year balloon. He got into creative financing after hearing Cody speak at the University of Tennessee at Chattanooga.
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All right, I'm here with Hayden. Just met him at BPCon and he bought a seller-financed 75-unit storage unit. How did you find that deal? How'd you get into seller financing? I actually got really lucky. I have a partner who got sourced the deal. I'm a connection builder, relationship builder. I travel the country, travel the world meeting people, and one of the people I met brought it to my attention and we went in together. That's amazing. So it's seller financed. You said it's about 25% down and it was $1.2 million, 4% interest with the 25-year amortization with the 5-year balloon. How did you care about seller seller financing and owner finance. So I used to be a student, I'm an alumni of the University of Tennessee at Chattanooga. Cody actually came out and talked to us at the school, told us about creative finance, and that started my real estate journey. There we go. Follow for more.