All Forum Posts by: David Beckley

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@Matt McConkey I’m sorry that reads incorrectly...$10,000 was what I put down up front, there was actually 30k of rehab work put in it

There seems to be a lot of negative comments about Cahokia. I have a brother who has several properties in Cahokia and he has done EXTREMELY well. He’s paid cash for all of them, the tenants take care of the homes, and he’s obviously cash flowing very well 

Investment Info:

Single-family residence wholesale investment in Saint Louis.

Purchase price: $79,500
Cash invested: $1
Sale price: $90,000

Off market deal to fix and flip investor

Investment Info:

Single-family residence wholesale investment in Saint Louis.

Purchase price: $79,500
Cash invested: $1
Sale price: $90,000

Investment Info:

Single-family residence wholesale investment in Saint Louis.

Purchase price: $25,000
Cash invested: $1,000
Sale price: $42,000

Wholesale of 2 rentals. They were immediately sold to a hedge fund. Both had tenants paying $650

Investment Info:

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

Purchase price: $113,000
Cash invested: $10,000
Sale price: $225,000

Duplex converted to Single Fsmily

@Mason Hickman the answer is yes to both of your questions. He’s getting it based on the appraised value prior to the rehab and he’s able to take up to 100% out, although I don’t think he would need to take out the entire 100% to buy his next deal. He’s getting pretty good off market deals.

@Martin Neal he’s getting the entire 35k, and yes you’re right, he does have the agreement with the bank. Pretty sweet deal. So no money out of pocket.

Let me represent you as your buyers agent to get off market and MLS deals in Saint Louis. Call me directly at (618) 570-1211 or shoot me an email, [email protected]