House Sales Fund Acquisitions

A story about how the founder of a pool company acquisition business funded his initial purchases.

During the pitch, when asked how they financed their first pool company acquisitions, Colton Woodard revealed:

"Well, the first two we sold our houses. We negotiated like a 10% down with seller financing over 5 years of the balloon payment. It's so cheap we can just do it that way."

When pressed further about why they didn't take on traditional debt, he explained they considered SBA loans but found seller financing made more sense. The 10% down payment structure with 5-year seller financing terms proved to be a more attractive option for their initial acquisitions.