All Forum Posts by: Jason Crowe

very well versed in Jacksonville.

Investment Info:

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

Purchase price: $320,000
Cash invested: $55,000
Sale price: $320,000

Helped House hack for a cient of mine. He bought the home with no money down, Home town Heros program and creative finance, then we developed the property by improving it with electrical upgrade additional meters and more bedrooms. I convinced the client to get an RV and rent all 3 out on his primary property. He will cashflow 600 or more over the mortgage month to month soon.

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

House Hack

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

MLS

How did you finance this deal?

First time home buyer programs to pay for downpayment closing costs and renovation

How did you add value to the deal?

im an appraiser

What was the outcome?

Cashflow over mortgage $650 or more

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

I am an appriaser, property manager, realtor, and investor with rehab crew.

Jacksonville

Investment Info:

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

Purchase price: $170,000
Cash invested: $17,000

REHAB PROJECT UNDERWAY

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

BRRRR RESIDENTIAL REHAB EXPERT

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

REO

How did you finance this deal?

HARD MONEY LENDER FINANCING AS AN MLO

How did you add value to the deal?

IM AN APPRAISER MYSELF KNEW THE VALUE AND I DO REHABS CONSTANTLY

What was the outcome?

IN PROGRESS

Lessons learned? Challenges?

LOTS

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

MYSELF AND KIAVI

Yes this is what I was talking about essentially.  But also if going directly to the organzation provides those policies, I thought some would offer this type of assistance or what I have read but never found.

Has anyone found a company as such that would lender on renovation projects?  Or long term money for real estate deals?  Ive read about this but have to found one.  Is this true direct to them will finance deals and on what scale do they need to be in relation to how big the project or funding has to be.

Investment Info:

Large multi-family (5+ units) buy & hold investment in Jacksonville.

Purchase price: $825,000
Cash invested: $400,000

Purchased a Large Property that is commercial zoned with 30 year money. Property has 12 dwellings on it. Fixing for 350k budget and Appraised for 1.5mil, worth more as commercial, and cashflowing after PITI 5k a month. Financing very difficult to attain 30 year money after Rehab on commercial PUD designation but I did it given resourcefulness in the Jacksonville Market and network. The owner i met on site said I was the most trusted of all that she had met on site so she was confident in me.

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

Opportunity 2.6 million this property will be worth verified with appraisals. The seller and I are friends now and do business together even though a realtor was selling the property.

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

Evaluatoin Information

How did you finance this deal?

Special Private Financing

How did you add value to the deal?

2.6 million Costs 1.35 million

What was the outcome?

2.6 million valuation

Lessons learned? Challenges?

Go for it and believe you can do it.
Don't stop.

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

Myself, Private Financing, MLO myself.

Investment Info:

Large multi-family (5+ units) buy & hold investment in Jacksonville.

Purchase price: $825,000
Cash invested: $400,000

Purchased a Large Property that is commercial zoned with 30 year money. Property has 12 dwellings on it. Fixing for 350k budget and Appraised for 1.5mil, worth more as commercial, and cashflowing after PITI 5k a month. Financing very difficult to attain 30 year money after Rehab on commercial PUD designation but I did it given resourcefulness in the Jacksonville Market and network. The owner i met on site said I was the most trusted of all that she had met on site so she was confident I would make the deal work. The seller and I are friends now and do business together even though a realtor was selling the property. 2.6 million this property will be worth verified with appraisals.

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

Opportunity

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

Evaluatoin Information

How did you finance this deal?

Special Private Financing

How did you add value to the deal?

2.6 million Costs 1.35 million

What was the outcome?

2.6 million valuation

Lessons learned? Challenges?

Go for it and believe you can do it.
Don't stop.

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

Myself, Private Financing, MLO myself.

I like this.  I have one myself.  Mortgage is covered.  Multiple years have been doing this house hack trick.  Started bedrooms then upgraded to adu.

Please share lenders with this requirement.