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Updated about 1 year ago on . Most recent reply

User Stats

4
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2
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JT McCarthy
  • Realtor
  • Ocean Springs, MS
2
Votes |
4
Posts

Share your most unexpected win

JT McCarthy
  • Realtor
  • Ocean Springs, MS
Posted

Share your most unexpected win in real estate investing. Was it a deal that seemed too good to be true, a property with hidden potential, or a creative financing strategy that paid off big time? Let's hear your story and inspire fellow investors with your unique journey!

Most Popular Reply

User Stats

49
Posts
15
Votes
Aubrey Ford
  • Investor
  • Atlanta
15
Votes |
49
Posts
Aubrey Ford
  • Investor
  • Atlanta
Replied

My first deal ever last year
I purchased a two property deal in a single hard money loan. (low value properties -125k for both) Intention was to do a BRRR on both. The first one worked out perfectly. I'm getting about 8% CoC with 11% Return on Equity. The other suprised me. The rehab was about $10k more than anticipated but the post repair appraisal was $70k over my estimated ARV. The CoC and Return on Equity are not great, but now I have $70k of equity I have to figure out how leverage. If I take it out I go negative CoC and Return on Equity is below 2% :( I look at this as good problem to have and consider this a huge success for my very first deal.

Sincere thank you to everyone here. The Bigger Pockets community has been a real help for me in making good decisions 

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