I received my down payment today of my second Owner Finance Deal. This is also a deal I locked up before I joined Land Academy; which is why I feel the numbers are not as strong. This is the last property I purchased before Land Academy. Moving forward, every property purchased is through the Land Academy Method! I purchased this from our auction list. Here is the breakdown
Purchase Price: 4900
Sell Price: $8000
Terms: $500 Down + First Month Rent $156 @ 9% Interest for 5 years. If they pay through the entire contract, the final sell price is $9,341. ROI = 90.63%
Our first two owner fiance deals puts us at $316/month. Our Goal is to close 5 owner finance deals a month!
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