All Forum Posts by: Ian Brannon

Any input in appreciated!

In most cases during a "recession" what spots in the single family and multi famiy market tend to perform well? And on the flip side which spot tend to perform poorly? Any insight is appreciated! Thank you

Investment Info:

Single-family residence buy & hold investment in Omaha.

Purchase price: $118,000
Cash invested: $12,000

House hacking and renovating this property in hopes to hold long term!

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

The MLS and I went through a realtor

How did you finance this deal?

Local bank- Conventional 15 year mortgage

How did you add value to the deal?

Self performing all the renovations... I am still in the process of renovating but getting close

What was the outcome?

Still living in the property with three of my buddies who are paying all of my living costs

Lessons learned? Challenges?

I wont be self performing all the work on my next property, it takes far to long

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I unfortunately didnt have the most well informed agent help me this one. I hope to find a more investor friendly broker going forward