All Forum Posts by: Tristan D Yang

Investment Info:

Other other investment.

Purchase price: $18,000
Cash invested: $120,000

This is a Land hack, short term rental style. Me and two other partners acquired a couple acres in north county Johsua Tree and are in the process of developing three Glamp sites, consisting of one A frame cabin and two Geodesic dome homes.
We have all of our blueprints and permits done and in the process of obtaining private funding. We will be hitting ground in Mid May!

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

The Cash on Cash returns and ability to be on site and work on it. I have a background in general contracting and carpentry.

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

I found it on the MLS and pitched it to a few local investor friends.

How did you finance this deal?

Private funding.

How did you add value to the deal?

I found the deal, designed the deal, and presented everything in a professional fashion to two older real estate investors.

What was the outcome?

Currently in progress, but we are on budget.

Lessons learned? Challenges?

Nothing is easy and profit takes hard work.

Hello Biggerpockets community,

Excuse me if I don't form this post correctly as I am a newbie! 

Back story, 20 years old living with parents in Southern California. I plan on driving in to Saint Louis with intentions of acquiring, rehabbing and renting out Multifamily property. Pretty much BRRR strategy but I personally will do most of the work and be on the site at all times. I plan on staying anywhere between 1 to 3 months till the project is finished. I also have family in Western Illinois, so this gives me an opportunity to stay in the area and commute back and forth as needed and eventually just stay in the investment till it is finished. I have been working since middle school, have always been very frugal with my money and been independently investing in the stock market since I was 16. This has led me to build enough capital to get started in real estate, around 100k for the sake of this post. Also, my family is a blessing to me and hasn't made me pay rent ever which is a big cash saver for people my age.

The purpose of my trip is to acquire a multifamily (duplex, triplex, or quadplex) with the intention of adding lots of sweat equity and value, Interior and Exterior. I am not planning on flipping, I plan to BRRR this as my first multifamily investment. I will take any advice and help from Ya'll including proper zip codes/locations, best property management companies in the area, wholesalers and brokers that specialize in multifamily properties, and anyone willing to input advice.

Thanks in advance. 

Tristan Yang