Property 16 – 1st Owner Finance

got lot of picture to show for this one. This is my 2nd flip. Picture worth a thousand words. check it out. I partner with my brother in law on this. he provide all the fund. i provide everything else. profit is split 50/50

 

After Repair

 

I end up couldn’t sell this one traditionally for whatever reason. I ended up owner finance it and it turned out to be a decent deal so far. Since my brother in law provided all the fund, i back out of the project and just charge a project management fee. the loan later was sold to my mom. she need no tenant termite and toilet so this loan is perfect as far as passive income for her.

 

 

 

 

 

 

Comments are closed.

Blog at WordPress.com.

Up ↑

%d bloggers like this: