Our realtor was showing us other properties that we were interested in and she mentioned that this property has been on the market for some time. rnWe were interested in the property because it’s a duplex and would be a nice addition to our rental portfolio. rnWe submitted two offers to the seller, one being an all-cash offer, and the other an owner finance deal where the seller would hold 80% of the purchase price for 20 years at 5% with an option for the balloon payment. rnThe seller chose the owner financing option.rn
How did the FortuneBuilders team and resources help you to accomplish this deal?
FortuneBuilders taught us other ways to be creative when submitting deals and finding money to fund the deals.