Property 16 – 1st Owner Finance

got lot of picture to show for this one. This is my 2nd flip. Picture worth a thousand words. check it out. I partner with my brother in law on this. he provide all the fund. i provide everything else. profit is split 50/50

 

After Repair

 

I end up couldn’t sell this one traditionally for whatever reason. I ended up owner finance it and it turned out to be a decent deal so far. Since my brother in law provided all the fund, i back out of the project and just charge a project management fee. the loan later was sold to my mom. she need no tenant termite and toilet so this loan is perfect as far as passive income for her.