All Forum Posts by: Dustin Lavender

I'm looking at a 16 units apartment deal. It is solid. Built in the 70's. Could use some slow updating but is all currently rented. It is really 4, 2 story town houses side by side with 4 2/1 units in each house. There are some value adds that can be done right off such a as raising rent to market. Here are the #'S on it: Appraised -650 Asking-480k Down-15% Tax - $6k Ins-10k Mrtg-2800 per month Rent income-6400 (market here should be $500 per unit, or 8k) What are your thoughts on this deal? where do you guys find private money for a deal like this? How would you structure a private money deal for the down payment on this property?

@Thomas Franklin it had nothing to do with the content of my posts. Every time I tried to post the app would crash and on the web platform it would reload dashboard any time "post reply" was clicked. We did a few things and now it works so all good.

Hello BP world!

My name is Dusti Lavender and I am somewhat new to BP. I've been lurking in the background for a few months. Been trying to get involved but having some account troubles(wouldn't let me post or reply to anything!) 

I am a buy and hold investor. Currently have 19 doors. Been doing real estate investing for about 2 years. 

In my "full time job" I am a Commercial Energy auditor. Great job and I love it just looking for more freedom to go do whatever whenever.

Hi, i am in a mid-sized town in Arkansas. I currently own a duplex and 5 rental homes around town. We bought our first rent house almost 2 years ago now. It was a bank foreclosure. Appraised at 60, paid 30. We used equity in it to buy number 2 and cashed out the rest of the equity.we have done this with each consecutive deal and reinvested the cash. I recently came across a foreclosure I'm looking at. It is 10 unit apartment complex. It has a 15 washer/15 dryer laundromat on site, as well as a 3 bay coin op car wash with 6 vacuums. The place was built in 07. It has been empty since it sold 5 years for $560,000 fully operational. It appraised 2 years ago (closed up) for $280. The bank has been asking $199. I put in an offer of $170 and they accepted. 9 apartments rented at $350 one is tiny and rented at $200. Insurance/ liability is quoted at $5000. Taxes are $3200. Mortgage will be $823 monthly. What are your thoughts on this deal? I have no clue what income to expect from carwash or laundry.

Hi, i am in a mid-sized town in Arkansas. I currently own a duplex and 5 rental homes around town. We bought our first rent house almost 2 years ago now. It was a bank foreclosure. Appraised at 60, paid 30. We used equity in it to buy number 2 and cashed out the rest of the equity.we have done this with each consecutive deal and reinvested the cash. I recently came across a foreclosure I'm looking at. It is 10 unit apartment complex. It has a 15 washer/15 dryer laundromat on site, as well as a 3 bay coin op car wash with 6 vacuums. The place was built in 07. It has been empty since it sold 5 years for $560,000 fully operational. It appraised 2 years ago (closed up) for $280. The bank has been asking $199. I put in an offer of $170 and they accepted. 9 apartments rented at $350 one is tiny and rented at $200. Insurance/ liability is quoted at $5000. Taxes are $3200. Mortgage will be $823 monthly. What are your thoughts on this deal? I have no clue what income to expect from carwash or laundry.