All Forum Posts by: Kyle Jeppesen

@Pallavi Irshad, I'm from Hamden, CT. What is your reasoning behind purchasing a condo rather than a SFR or a 2-4 unit property. You can purchase a SFR and house hack to college kids.

Investment Info:

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

Purchase price: $295,000
Cash invested: $59,000

Quad purchase using 80% hard money and 20% DP using credit card funding.

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

This property had a 9 car bay garage, 2 empty units and tenants that never paid. Once this property is stabilized, ARV will be 500k-600k.

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

MLS

How did you finance this deal?

80% Hard Money on a 30 year loan
20% DP using credit cards

Investment Info:

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

Purchase price: $220,000
Cash invested: $44,000

Purchased property from an investor from the BP community. I used credit cards to finance the DP and used a hard money lender to finance a 30 year loan.

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

Purchase price was $220k and the property appraised at 260k.

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

A BP member posted that he was looking to 1031 exchange this property into something bigger.

How did you finance this deal?

80% Hard Money on a 30 year loan
20% DP using credit cards

• If an applicant is not approved but applied for the apartment. How should I notify them?

The tenants were inherited and have been great. Paid every month (not on time) through the entire pandemic. The property is old and I have been slowly rehabbing and fixing it up.  

Hi Morgan, I have a duplex in Middletown and I'm getting $1105 per unit. 3B/1B w/ Washer & Dryer. My rents are a little under market but my property still needs some work. I've owned the property for 2 years and I'm still working on getting it stable. 

If I already submitted a pdf version of the application. Should I reapply using the new version?