All Forum Posts by: Sheri Fluellen

@Perry Skorcz, yes!!! I don't get over to Laramie more than a couple times a year.  Would love to connect though!

Hey @Daniel Carrillo! I'm an investor in Cheyenne. I run the Cheyenne REIA. I'm pretty plugged in to the local investor network (although to be honest, most investors just try to keep to themselves here and are reluctant to engage in the kind of conversation you're talking about)! I'd love to do lunch. Invite you to our REIA meetings. And would love to learn more about the 3D printing, as I am in the process of planning out a development.

The brokers I've worked for don't allow for wholesaling as a licensee.  You're brokerage may be different. 

@Emmett TerBeek, Where in WY is the home?  I might be able to help & might be interested.  

I'm an agent and an experienced investor with STRs. I'm looking to buy first long distance rental in the St Pete/Clearwater area. Any agents have significant experience in this market and can help me?

I charge a $300 non refundable pet fee per pet at lease start (don't call it deposit or it has some legal consequences on my state, such as having to pay it forward when you sell property). Then I also charge $50 per month per pet as pet rent.

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $220,000
Cash invested: $225,000

Purchased duplex to update, finance and rent out.

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

Great price, next door to a commercial property we own that needs more parking spaces.

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

Door knocked to find the deal.

How did you finance this deal?

Used LOC from other properties as "cash". Will finance once we've finished the updates.

How did you add value to the deal?

Painted the main unit. Remodeled the basement unit and made new/clean looking.

What was the outcome?

Easy profitable units to rent.

I am the director of the Cheyenne REIA. We get a lot of CO investors up this way because NoCo is expensive and often doesn't make sense for cash flow. Message me and we can chat!

@Bryce Betley- As far as depending on people remembering your company name, a lot of money typically goes into a branding campaign to get your name out there enough for people to recognize and remember. That is typically the advanced strategy for larger income generating companies. It is more cost effective (better ROI) on the front end to continue to advertise for people that need a solution NOW. How you do that marketing of course varies. Bandits signs are an option but as you can read from all the other comments, there are downsides to that.

I love reading these!! Sounds like you had your eyes open and created a great opportunity!!! That's a good solid investment with good ROI. Congrats!! I love hearing about people collaborating to do owner financing!