All Forum Posts by: Daryl Vines

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $46,000
Cash invested: $62,000

46k cash purchase at auction. 16k cash remodel
Rented for $1220

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

equity and cashflow

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

online auction

How did you finance this deal?

cash

How did you add value to the deal?

remodel

What was the outcome?

14% cash/cash before adding to commercial line to free up the cash again

Lessons learned? Challenges?

Screen contractors like you screen tenants.

Investment Info:

Single-family residence buy & hold investment in East Fultonham.

Purchase price: $25,000
Cash invested: $50,000

SFH leased for $850/mo. Appraised 104k in 2019

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

Cash Flow.

How did you finance this deal?

Lease option to cash purchase

How did you add value to the deal?

Remodeling

What was the outcome?

House is currently paid for, cashflowing, and I have an unused $75k HELOC secured by the property.

I have a 4/2 SFH in a small town outside of Zanesville in Southeast Ohio. It just needs small things like cleaning, touchup paint, cleaning gutters, fixing a window, moving a stair railing. Who would I use to make sure all the small things are done? It doesn't seem like I need a General Contractor.

Are these the types of things a property manager would handle? I do intend to put the place under management. 

Should I try to find a part time assistant who can arrange for bids? Who would let people in to do work and bid things?

I work full time and live an hour away. I prefer not to go there. 

Thanks!