All Forum Posts by: Jensen Roll

 They're still available if you're interested.

They're still available.

Hi Folks! My wife and I not able to attend 2025 BPCON in Las Vegas this year unfortunately, and I have two general admission ticket available.

Asking $800/ticket for the general admission ticket.

I'll transfer to your name via the Bigger Pockets support team upon payment receipt.

Thank you!

Jensen

Hey @Nicholas Landis, I am a builder in NC and I'm also planning to purchase a 3D printer in 2022. The two that seem to be best in the field are COBOD and MudBots. We are looking at the 35x35 model that Mudbots has because it doesn't require a crane for setup. 

What company do you plan to purchase from and what has your experience working with them been like? Have you been able to see any printers in action?  

Even as a builder, the numbers are still pretty tight for me on this type of investment property. If you have cash/access to capital, you might be better off waiting to see what comes on the market in the following months and buying something you can rehab. If you build you will easily be over $110/SF but if you find a good deal with minimal rehab, you could stay under $100/SF. Banks are also easier to work with when the building already exists. 

As a builder, we are able to continue working during this pandemic. Our company is currently deciding whether it still makes since to build/rehab and hold properties for rent in the current market (or wait to see what the next months bring). If you're involved with building, rehabs, flips, or holds, I would love your thoughts. 

We are also curious to see what type of appetite private investors have at this time. What types of terms and rates have you been finding in the market? 

Investment Info:

Single-family residence buy & hold investment in Graham.

Purchase price: $63,000
Cash invested: $2,500

My wife and I purchased this 3 Bed 1 Bath as our first home and have put almost no money into fixing it up. After living here for about 1 year, we built a tiny house in the back yard (all to code and permitted). The home currently brings in $800/mo and the tiny house brings in $400/mo. Total investment in the main house was $65,500 (mortgage) and total investment in the tiny house was $25,000 (built for cash).

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

We purchased this home as a place to live at the time, with an understanding that it would be a great rental in the future.

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

We were looking in Graham for about 6mo before we found this deal. We wanted a house in Graham, because we are excited about it's growth and affordability.

How did you finance this deal?

We financed the main house with a traditional mortgage and we built the tiny house with sweat equity, left over materials, and savings (I am a GC by trade).

How did you add value to the deal?

The main house on its own was a good deal that cash flows well and being able to build the tiny house behind the main house only added to the value.

What was the outcome?

Overall, this has been a great first investment.

Lessons learned? Challenges?

It is important to plan out parking before adding more density to an existing lot.

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

As a General Contractor, I was able to do almost all of this deal without too many others involved. We did bring in an electrician to help with wiring the tiny house.

Investment Info:

Single-family residence buy & hold investment in Graham.

Purchase price: $63,000
Cash invested: $2,500

My wife and I purchased this 3 Bed 1 Bath as our first home and have put almost no money into fixing it up. After living here for about 1 year, we started building a tiny house in the back yard (all to code and permitted). The home currently brings in $800/mo and the tiny house brings in $400/mo. Total investment in the main house was $65,500 (mortgage) and total investment in the tiny house was $35,000 (built for cash). Main expenses for the property are the mortgage ($358/mo), water ($48/mo), taxes, maintenance, and capital expenditures.

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

We purchased this home as a place to live at the time, with an understanding that it would be a great rental in the future.

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

We were looking in Graham for about 6mo before we found this deal. We wanted a house in Graham, because we are excited about it's growth and affordability.

How did you finance this deal?

We financed the main house with a traditional mortgage and we built the tiny house with sweat equity, left over materials, and savings (I am a GC by trade).

How did you add value to the deal?

The main house on its own was a good deal that cash flows well and being able to build the tiny house behind the main house only added to the value.

What was the outcome?

Overall, this has been a great first investment.

Lessons learned? Challenges?

It is important to plan out parking before adding more density to an existing lot.

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

As a General Contractor, I was able to do almost all of this deal without too many others involved. We did bring in an electrician to help with wiring the tiny house.