All Forum Posts by: Craig Barr

Thank you Eddie. :-)

Thank you.   :-)

Investment Info:

Single-family residence other investment.

Purchase price: $325,000
Cash invested: $60,000
Sale price: $390,000

4 bedroom 2 bath Single family home that was our primary residence until 2016. We then moved out and rented it for 2 years and then sold it in 2018 to receive the tax free exemption from capital gains.

How did you finance this deal?

Conventional loan

How did you add value to the deal?

New carpet, new paint, new plumbing fixtures. Also painting the garage was an inexpensive way to make them look like brand new.

What was the outcome?

Some good equity growth over the years and a way to fund 2 more units.

Lessons learned? Challenges?

It was very difficult to find good sub contractors to do the work.

Investment Info:

Single-family residence buy & hold investment in St. George.

Purchase price: $69,000
Cash invested: $10,000

A single bedroom, one bath, condo end unit, on one level

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

It was small enough that I felt like I could handle it.

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

I found it on the MLS.

How did you finance this deal?

Seller Financing

What was the outcome?

I still own it and the value has gone up to about $85,000

Investment Info:

Single-family residence buy & hold investment in St. George.

Purchase price: $205,000
Cash invested: $35,000

It's a 1700 square foot 3 bed 2 bath condo.

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

Needed to move into something quick.

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

Found it through an agent that knew of a few sellers willing to do seller financing.

How did you finance this deal?

Seller financing.

How did you add value to the deal?

It was already in good shape.

What was the outcome?

I still have it now and the value has gone up to $259,000.

Lessons learned? Challenges?

I want to do more seller financing.

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

I was the agent representing myself.