All Forum Posts by: Beau F Borinstein

Find any local lender! I would use a credit union if I were you!

Yes! There is still great value out there. I personally help people with getting into these turnkey properties. I especially specialize with people who are not in my state and want properties that actually cash flow!

 I disagree, gotta work on your business not in your business. A good property management company will make up for the 10% you pay them! You also have to consider your time!

They have it pretty much summed up here; I would say the biggest thing is if they answer their phone! Call them from the owners side, also call them and act like a tenant!

Investment Info:

Small multi-family (2-4 units) fix & flip investment.

Purchase price: $130,000
Cash invested: $10,000
Sale price: $170,000

This is a deal I am currently doing, this duplex is in greenfield IN, in a B to B- neighborhood. The rents were 750 and 790 for each units. Since I have acquired the property I have put a new lease in place for one tenant at 850 a month. The other tenant is moving out and there will be about 5000 in out of pocket cost to do turnover. We should be able to get rents up to 900 in the turned unit. I plan on selling it on market for 170-175. Off market I would take less!

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

I like providing value to owners in a way that they don't have to deal with the difficulties of going on-market and doing tenant and prospective buyer coordination's and overall getting an easier process.

I like providing value to buyers that are out of state and who can't find deals that cash flow well. As a buyer you don't even need to be an "investor" to work with me. The process is very easy and straightforward!

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

I acquire from personalized letters along with a little bit of cold calling.

How did you finance this deal?

I use an array of hard money lenders and private money lenders

How did you add value to the deal?

Stabilizing the property with long term leases and property management and doing turnover where needed. I acquired the property at a good price which allows me to sell to my buyer at a good price!

What was the outcome?

Still working through it

Investment Info:

Small multi-family (2-4 units) fix & flip investment.

Purchase price: $130,000
Cash invested: $10,000
Sale price: $170,000

This is a deal I am currently doing, this duplex is in greenfield IN, in a B to B- neighborhood. The rents were 750 and 790 for each units. Since I have acquired the property I have put a new lease in place for one tenant at 850 a month. The other tenant is moving out and there will be about 5000 in out of pocket cost to do turnover. We should be able to get rents up to 900 in the turned unit. I plan on selling it on market for 170-175. But if someone were to make me an offer off market without an agent I would be around 165. I would be able to help you with the process of getting set up with a great property management company as well!

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

I like providing value to owners in a way that they don't have to deal with the difficulties of going on-market and doing tenant and prospective buyer coordination's and overall getting an easier process.

I like providing value to buyers that are out of state and who can't find deals that cash flow well. As a buyer you don't even need to be an "investor" to work with me. The process is very easy and straightforward!

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

I acquire from personalized letters along with a little bit of cold calling.

How did you finance this deal?

I use an array of hard money lenders and private money lenders

How did you add value to the deal?

Stabilizing the property with long term leases and property management and doing turnover where needed. I acquired the property at a good price which allows me to sell to my buyer at a good price!

What was the outcome?

Still working through it