How I Bought This House For $2500 (No Credit Needed)

I bought this Rental Property for $2500 out of pocket NOT using bank financing nor my credit. This is a rental property I bought about 3 years ago using owner financing and only $2500 down. In this video, I'm going to show you how I bought this rental property and if you're a beginner - buying a rental property for the first time, - I'm going to break down the numbers. how I found the deal, and show you a little glimpse of the property.

📋 Interested In a 1:1 Coaching & Mentoring With Us?
https://thekwakbrothers.com/rcm-coach...

⌨️ FREE 7 Day Trial To PropStream Real Estate Investing Software:
http://reisoftware.thekwakbrothers.com

💻 JOIN OUR FREE FACEBOOK GROUP FOR LANDLORDS & PASSIVE INCOME:
  / bestreigroup  

💻 GET OUR FREE COURSES, FORUM, AND EVENTS: https://www.cashflowcolony.com


Okay, so if this is your first time buying rental properties, I hope this video shows you how I found the deal using my secret real estate lead generation method, how I negotiated for the owner financing, how I broke down the deal, and what it is cash flowing currently. I'm also going to share my long-term plan and strategy with this particular property.

Here's the Breakdown of the Deal:

$90,000 Purchase Price
Down Payment: $5,000 with a $2,500 closing credit.
Terms: Owner Financing (Seller Financing) w/ 4.25%, 15yr Amortization, 5 Year Balloon

The rent I'm collecting is $1200 a month.

Buying rental Properties can sound like a very hard challenge. And it is! But the more knowledge you add to your "arsenal" it doesn't have to be hard. You still have to do the work, but buying rental properties can become easier if you understand the business.

Chances are, you're wanting to buy a rental property because you want to create a more cash flow, passive income, and ultimately create financial freedom right?

If you're looking to buy a rental property, my advice is to learn as much as you can about owner financing, raising capital, underwriting the deal, (analyzing the deal), and learn how to analyze the market.

😃 Thanks for Subscribing & Liking our Video!

The Kwak Brothers are millennial real estate investors who have acquired over 82 Units of Rental Units and have raised over $20,000,000 of capital for their real estate deals. They are based out of the Chicago-land area and they are dedicated to helping hard-working people become financially free real estate investors! They specialize in owner financing acquisition and raising capital. They are the creator of the FORCE Strategy (Find the deal, Owner Finance It, Raise the Capital, Cashflow It, and Expand your Financial Freedom)


🔊 Our Podcast Channels:

📻First Deal Experience:
🔹Spotify: https://open.spotify.com/show/7pnHJSN...
🔹iTunes: https://podcasts.apple.com/us/podcast...

📻Landlording Automated:
🔹Spotify: https://open.spotify.com/show/1LTAeRg...
🔹iTunes: https://podcasts.apple.com/us/podcast...

GET SOCIAL WITH US:
📣Facebook:   / thekwakbrothers  
📣Instagram:   / thekwakbrothers  

📧 Hire the Kwak Brothers to Speak: [email protected]

#realestateinvesting #rentalproperty #cashflow

========================
--DISCLAIMER-- The suggestions, advice, and/or opinions that are given by Sam Kwak (The Kwak Brothers) are simply opinions. There are no guarantees of set outcomes. Listeners, guests, and attendees are advised to always consult with attorneys, accountants, and other licensed professionals when doing a real estate investment transaction. Listeners, guests, and attendees are to hold Sam Kwak, Novo Elite, Inc. and the Kwak Brothers brand harmless from any liabilities and claims. Not all deals will guarantee any profit or benefits. Listeners, guests, and attendees are to view and listen to all materials and contents furnished by the Kwak Brothers as a perspective based upon experience.