I just closed my on first owner finance deal this past Friday. I was able to purchase this from our auction list mailing. Here is my breakdown.
Vacant Land Purchase Price: $5,300
Sell Price: $2000 Down + First Month Rent $160.
Contract: 5 Year @ 7.5% Interest 160/Month.
If the buyer pays through the full term ROI = 119%.
I actually had this deal in the making before I purchased the Land Academy Package. Since I have purchased the package I will be using their model to the tee. I have sent out a mailer of their method and have already received my first contract back signed! We are going to start targeting my rural areas in order to buy more inexpensive land so to not eat up our capital so fast and be able to do more deals and get better returns!
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