All Forum Posts by: Charles R McElrath Jr.

I recently purchased an off-market deal (For sale by owner) from a local investor. He also has 4 other properties that he looking to sell and asked me if I was interested in buying them. Unfortunately, I have too many other projects going on at this time and out of capital. What should I do with theses properties? Should I try to wholesale these?

I am looking to House Hack. Does anyone know of a property management company that does rent by the room?

Has anyone worked with direct lending partners? If so, what your experience like and would you recommend them as a source for funding deals? 

Looking for a great and highly recommended DFW wholesale company or professional to work with. Does any one have any recommendations?

Investment Info:

Single-family residence buy & hold investment in Arlington.

Purchase price: $135,000
Cash invested: $35,000
Sale price: $135,000

Buy & Hold Airbnb

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

Opportunity in city's entertainment district

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

Realtor.com

How did you finance this deal?

Traditional

How did you add value to the deal?

N/A

What was the outcome?

Successful Airbnb

Lessons learned? Challenges?

Needed to learn to Negotiation strategies