Golden Bell Drive

Purchase Date: July 2023

Purchase Price: $375,000

Terms: Seller financing, principal only payments


Raleigh, North Carolina, United States


Plan: Signed a Lease Option with a buyer-investor. This buyer paid a 5% down payment and is making monthly lease payments and intends to refinance off our balance with him in the coming years, at which time we will get the house appraised. An easy sale!

Great example of the power of seller financing. We gave this seller 7% as a cash down payment and the rest of her payments over 5 years, monthly, for principal only. In 5 years we will have accumulated over 100,000 just in paydown. We also have a monthly profit spread from the Buyer's payments. Good house, nice condition on the inside, showed very well.