All Forum Posts by: Eric Schmid

Hi @Jay Maier! We used hard money to fund this deal and as a result, it was a no money down deal. This took us 4 weeks to complete, and we did the rehab ourselves. Yes to partners - there's 3 of us. It was on the market for about 2 weeks before we received our offer. This deal was in north-central Wisconsin.

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $80,000
Cash invested: $27,000
Sale price: $175,000

Contributors:
Jared Freye, Joseph Ziolkowski

Profit: $55k (pre-tax) - $0 money invested in the deal.

Purchase price: $80k
Rehab: $27k
All in: $107k

Sale price: $175k

Profit: $55k

Investment Info:

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

Purchase price: $140,000
Cash invested: $28,000

Contributors:
Jared Freye, Joseph Ziolkowski

Excited to share we added 4 more units to our portfolio!

After 25% expenses, we're cash-flowing a little over $500/mo on this one ~$125/unit

@Jared Freye @Joseph Ziolkowski  Lead gen websites - we'll get into it during our meeting. Read into this a bit

I appreciate the insight @Jody Sperling! Good to know you've seen 4.25%. We've used the same lenders and maybe to our fault, have not shopped around, so wanted to gain an understanding of what others are experiencing. Smart move!