All Forum Posts by: Jeremy Orton

I love investing in Twin Falls.  Been doing it for 13 years. 

my goal for the year is to flip 12 and hold 6, I am a little behind, we have sold 2 flips, have 1 pending sale, and have picked up this plus 1 more. Have bought 1 hold, just finished an 8 lot subdivision which I was considering building 4 new to hold. 

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $60,000
Cash invested: $14,000

Working on another fix n flip in Jerome - 2 bed, 1 bath about 4 weeks to completion.

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

The #s made sense.

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

Wholesaler.

How did you finance this deal?

Assignment of current owner carry.

How did you add value to the deal?

Rehab

What was the outcome?

To be determined - should be pretty nice.

@Nathan Jensen are you referring to being a wholesaler without a real estate license? Yes you can do it, you just need to make sure that you dont break any licensing laws or you can get fined for practicing real estate sales without a license. Make sure you are very straight forward with sellers with what you are doing.

I love subject-to - typically have used it as a short term strategy with flips and never cared if the lender was to potentially call the loan due, with planning on a potentially longer term game on this one not 100% sure what is really the best thing on insurance on the property though since I know that can red flag the lender. 

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $122,000
Cash invested: $24,000

Buy and hold - purchased via a wholesaler - brought current owner loan current - bought subject to - clean up, flooring, paint, then rented out, may Refi (BRRRR) in a few months to pull my cash back out.

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

ability to do subject-to plus buy and hold goals for the year

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

Wholesaler

How did you finance this deal?

subject to plus self

How did you add value to the deal?

Clean up, paint, flooring, + a few other minor repairs

What was the outcome?

Great rental

Lessons learned? Challenges?

Ask wholesalers frequently about potential deals, and ability to close quicker can get you a better deal - have financing options available.

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

Title

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $62,000
Cash invested: $50,600
Sale price: $148,500

Fix n flip purchased from a wholesaler. A little longer than normal for me.

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

Right up my alley

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

Wholesaler

How did you add value to the deal?

Private Financing

What was the outcome?

Flipped and turned out good

Lessons learned? Challenges?

I should have looked closer at the foundation, had to spend some extra dollars on that.

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

I am an agent so yes. myself, cooperating agents, home inspectors, lender, title companies.