Christian OsgoodCEO, Multifamily Strategy · CEO at Multifamily Strategy

Tiny house money pit

26 Dec 2023 · 1 min

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0:34

A creator bought a tiny house for $60,000 through a seller-financed Instagram deal with zero down and a three-year payoff, even though he estimates it's worth $50,000. He admits it was an opportunistic add to his portfolio rather than something he needed.

Chapters

Don't buy stupid shit. This is 100% seller finance. I'll show it to you though. This is our tiny house. Welcome in. Tiny house tour. This is apparently a non-weight-bearing shelf. We're fixing that. But other than that, tiny house. First 100% seller finance deal. How do we buy it? So I was offered this on Instagram. I was told we have a tiny house. I want $60,000. It's worth about $50,000. That being said, zero down, decent interest rate, and we want it paid off in 3 years. It was a small enough purchase compared to the rest of the portfolio where I was like, You know what? We should do this. I did not need to do this project.