All Forum Posts by: Emanuel Blando
Emanuel Blando has started 6 posts and replied 13 times.
Post: Life in Flip/House Hack
- Real Estate Coach
- Posts 13
- Votes 4
A combo for sure! We did some new counters floors and paint. And a new HVAC. That's about it.
Post: My First Mid Term Rental
- Real Estate Coach
- Posts 13
- Votes 4
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $155,000
Cash invested: $40,000
Mid Term Rental in Kansas City. Fully furnished and rented to traveling nurses.
What made you interested in investing in this type of deal?
Higher cash flow than longer-term rentals.
How did you find this deal and how did you negotiate it?
I found it on MLS, Back on the Market after another buyer fell through. I got the seller to pay closing costs by negotiating in lieu of repairs needed. I was able to complete those repairs for much less than the closing costs received.
How did you finance this deal?
I used a DSCR loan product.
How did you add value to the deal?
I did minor cosmetic updates and fully furnished the property.
What was the outcome?
A nicely cash-flowing property with a good equity position.
Lessons learned? Challenges?
Deals can be found in HOT market conditions if you know where to look and how to negotiate.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
I represented myself as a locally licensed Agent.
Post: Life in Flip/House Hack
- Real Estate Coach
- Posts 13
- Votes 4
Investment Info:
Single-family residence other investment.
Purchase price: $168,000
Cash invested: $12,000
Sale price: $265,000
House Hack with great profit.
How did you finance this deal?
VA Loan
How did you add value to the deal?
Cosmetic renovation and regular maintenance.
What was the outcome?
Great Profit.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Represented myself as Agent.