All Forum Posts by: Andre Williams

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $115,000
Cash invested: $30,000

3 beds 2 Bath single family

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

It was my first. The Leap of faith.

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

My realtor found it through her network.

How did you finance this deal?

30% down and bank finance the rest.

How did you add value to the deal?

I didn't increase the rent to market, kept it to what he was paying til the year was out and only increased it to cover the property and expenses not really for profit.

What was the outcome?

Owned it for 3 years great tenant, appraised amazingly since purchase.

Lessons learned? Challenges?

Play my role as real estate investor not landlord, let my property manager do his job.

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

Absolutely Toni McIntyre, she has helped me with two properties prior and my next one for my family.

https://www.bhgre.com/Better-Homes-and-Gardens-Real-Estate-Paracle-42261c/Toni-McIntyre-2920917a

Found a multi-fam in NC with 8 units for 530K what are the best ways to finance this deal.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $115,000
Cash invested: $30,000

3 beds 2 Bath single family

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

I already had a long term tenant that didn't want too leave and was okay with the rent increase.

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

Realtor helped

How did you finance this deal?

25% percent down

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

Yes Toni McIntyre
https://www.bhgre.com/Better-Homes-and-Gardens-Real-Estate-Paracle-42261c/Toni-McIntyre-2920917a