Using Seller Finance to Get a 25 Unit Complex

We're here at the 25-plex that started it all. Seller financed, Stephenville, Texas. This was a $2 million purchase. And yes, it was seller financed. But today's episode on how we actually raised the capital. So seller financed, the deal is 15% down. So we have $300,000 to raise. Where does that come from? Well, first we found this opportunity. The seller's willing to carry the contract. So we have 85% of the money already figured out. So the actual play here for all of these apartments was just finding one person who also wants to make money on a fantastic deal. We have an awesome debt product, 85% of the money's already in. We found one investor. The crazy thing is, this one investor who agreed, turns out their entire business was illegal. They go to jail 3 days before close. I'm on a plane flying in to sign. We still hadn't found the investor. I did one of my favorite things that we get to do in the portfolio. I pull up my phone and we do what we call the last-minute scramble. Go through the contacts rapidly. On F, I was like, oh my gosh, they might fund this deal. I call them, I ask for help. They're like, hey, we would love to do the whole thing. How good of a deal is it? I'm like, dude, it's an amazing deal. Here's the crazy ask. I need you to trust me and I need to close this later today at 11 o'clock. I go into signing, I sign, they wire the funds. Fantastic deal, amazing partnership. This still cash flows every single month today, and it was all possible because we had the right deal and we found the right person. But I just wanna point out, this was a random person in my phone list who actually ended up doing this, and we did it while on the plane to go sign for the deal.