All Forum Posts by: Giovanni DiBlasio

 Thanks Jack!

 Thanks Michael! My partner and I used a combination of private money, hard money, and a bit of our own to get this deal done!

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $182,000
Cash invested: $80,000
Sale price: $305,000

Fix and flip!

Investment Info:

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

Purchase price: $380,000
Cash invested: $18,000

Househack!

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

Ease of entry, good place to start learning investing

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

MLS/agent and no negotiation needed!

How did you finance this deal?

FHA Mortgage

How did you add value to the deal?

Completed DIY rehabs to bathroom, living and dining room, and kitchen.

What was the outcome?

Still living rent free!

Lessons learned? Challenges?

Dealing with tenants, unforeseen expenses, construction/rehab costs, etc.

@Natalie Schanne Thanks for the reply! Income is around $70K. Limiting factor is the down payment. I'm familiar with the other creative forms of financing, just haven't had any luck with them unfortunately. I think I'll look into the cash out refi! Thinking I don't have enough equity for that either but worth a shot!

Hey everyone! I am a somewhat new investor, but longtime reader of this site/listener of the podcast. I've been househacking a duplex for about a year now in Keansburg, NJ (purchased last December) and was looking to purchase a second investment or purchase a flip house. My thinking was that I'd take a HELOC out on the property I live in now and use those funds for a down payment on the next investment (be it a flip or rental). I applied for a HELOC with Affinity, but was denied because the house does not have enough equity in it. That said, I'm a bit stumped on my next move. I know tons of people on this site have been in my shoes and was looking for any advice you all can offer! Thanks in advance!