All Forum Posts by: Aaron Margoliner

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $285,000
Cash invested: $15,000

2 BED 3 BATH CORNER LOT

What made you interested in investing in this type of deal?

Great location, Near a university. I want to eventually turn it into student housing

How did you find this deal and how did you negotiate it?

I used my Va Loan to acquire it as a second property and negotiated it down 10k For the sake of veterans day

How did you finance this deal?

Va home loan, traditional mortgage

How did you add value to the deal?

New floor, AC, Roof, Replaced Doors.

What was the outcome?

Increase in renting ability from 2000 a month to 2350 a month

Lessons learned? Challenges?

Dirt backyards are hard to grow grass in.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

yes

I live in Texas, I am starting my wholsaling journey and one of the posts I came across in my research suggested putting a post on my private social media offering cash for leads that were closed on. In the comments section there were different people form different states saying it was illegal. In my digging it seems Its illegal for mortgage brokers as well as Real estat brokers to offer kickbacks but i could not find anything that directly said anything about wholesalers offering kickbacks for leads in Texas. can I get a bit of direction in this. Thanks