Getting paid upfront to buy these two houses. Hereโs how:
Step 1: Give the sellers the exact number they want on the price but ask them to seller finance it for a year.
Step 2: Bring in a PML ๐ to finance the renovation and borrow an extra $30K upfront to pay yourself.
Step 3: Renovate the property with the PML funds.
Step 4: Fill the property with 13 tenants paying $8,000 per month. Co-Living strategy.
Step 5: Refinance with a DSCR lender. Pay off the seller and the PML and put another $75,000 in your pocket.
Step 6: Cashflow NET $4,000 a month.
Step 7: repeat. ๐
Great work mattbuysbham
#realestate #creativefinance #entrepreneur