Christian OsgoodCEO, Multifamily Strategy · CEO at Multifamily Strategy

Living and learning, one deal at a time!

5 Jun 2024 · 1 min

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In this solo video, real‑estate investor Christian Osgood walks viewers through his recent purchase and renovation of Cabin 4 in Union, Washington. Unlike his usual focus on multi‑family rentals, Osgood acquired the cabin through a $0‑down seller‑financed deal, a strategy he says is widely available across the country. The cabin suffered flood damage earlier in the year, rendering it unusable until recent repairs—new flooring and ongoing updates—were completed. Osgood highlights that such seller‑financed, cash‑or‑no‑cash opportunities are especially attractive in a down market, but warns that unexpected repair costs, like flood remediation, can be significant and must be budgeted for.

Chapters

Welcome to our seller finance resort. This is cabin 4. I am a multi-family guy. I bought hundreds of multi-family rentals and this was a deviation. Should we have bought it? Absolutely not. However, when we do this, we try to do it right. This is a cabin that flooded this year. It's been out of commission for a little bit. We just finished the floors. Look at these things, are beautiful. It's coming together. We have a little bit more updating to do, but we are back in action. Buildings like this, we bought this $0 down seller finance transaction here in Union, Washington. You actually have like this super cute, beautiful cabin. These things are available. They're all over the country. If you want this or you want to do multifamily, these deals are live right now. Especially in a down market, I think this is the best time to buy. If you know how to buy with or without cash, this is a heck of a play. If you do that though, it's not free. We spent a lot of money fixing up this place. I love it, but budget for your repairs because a surprise flooding mid-year right before summer, not great.