All Forum Posts by: Michael Magno

I would check out the agent finder tool here on BP, and connect with an Investor focused agent in the area. They will be able to connect you with a large proportion of the connections you need to pull it off. Happy hunting! 

https://www.biggerpockets.com/business/finder/agents

Depends where you're located. Lot's of small pockets get together at different times throughout the month. 

I sent you a message. Thanks. 

I didn’t say you were. Click the link and see what I am talking about. 

Anyone used them? Can't find much online....  

https://raddiversifiedllc.com/about

 Thank you! My best flip to date. Sometimes it's better to be lucky than good. 

I have 9 units between Ohio & Florida. Couldn't pass up the return on Investment by selling this one. I made 7-8 years of cash flow in about 75 days. 

Investment Info:

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

Purchase price: $117,000
Cash invested: $21,000
Sale price: $196,000

Originally bought this property to keep, but the market is still sizzzzzzzzling. So I decided to list it, and see what happens. Sold in 1 weekend for over asking price.

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

I was originally going to keep the property as a long term buy and hold.

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

Sellers called me to list their property, and I bought it directly.

How did you finance this deal?

I used a private money lender to purchase the project, and funded the holding costs and rehab myself.

How did you add value to the deal?

Painted exterior, added new HVAC including C/A, new exterior decks, new doors,

What was the outcome?

Sold in a weekend!

 Sent you a message. Lets connect.