All Forum Posts by: Christopher Berra

I'm with Keller Williams and love it. We have 3 physical offices in my city and 1200 Realtors. Many of the properties I purchased are due to the large network. I have also purchased properties from other KW Realtors that live out of state. 

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $40,000
Cash invested: $45,000

I found an investor that was finished with real estate and had only a few properties to sell. I happened to call at the right time and he sold me this property at a fair price AND allowed me to place a tenant in the property prior to closing.

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

Turnkey purchase for about 75% of ARV. Solid home with low maintenance.

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

FSBO. Driving for dollars.

How did you finance this deal?

Cash

How did you add value to the deal?

Rented it for a few years then slowly started making updates to increase rent.

Lessons learned? Challenges?

Don't wait to buy real estate, buy real estate and wait.

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

I'm a Property Manager and Realtor.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $25,000
Cash invested: $5,000

I bought this property in a package of 4. Long-term tenant that always pays on time. Turnkey rental.

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

Long-term tenant. Purchased in a package so I was able to buy it for about 50% of ARV.

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

I found it through another investor that was doing a 1031 into a larger property. I met him through networking.

How did you finance this deal?

Cash.

What was the outcome?

Property has tripled in value since I purchased it.

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

I'm a Realtor and Property Manager.

Investment Info:

Single-family residence wholesale investment in West Chester.

Purchase price: $350,000
Cash invested: $10,000
Sale price: $385,000

Clean out and minor repairs.

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

Class A neighborhood and low inventory.

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

Realtor referral

How did you finance this deal?

Cash

How did you add value to the deal?

Cleaned it out and made minor repairs so it would be liveable.