Owner Finance Case Study Hoarder House

Owner Finance Case Study For The Week

143 W. Drexel, San Antonio, TX
$24k Contract to buy
$26k borrowed
@ 8% int. only, 5yrs
$175 P&I

In 5 days we sold the property with absolutely NO work done;
This was a “Hoarder House.”

$65k Owner Finance Price
$5k Cash Down
$60k @ 10.5%, 360 mo = $550/mo P&I

+$550 P&I Income
-$175 Int. Payment
———————–
+$375 Positive Cash Flow

LOOK AT THE CONDITION!
We asked for $10k down
Negotiated $5k down AS-IS

And they are going to clean it up!