All Forum Posts by: John Bolivar

Investment Info:

Other other investment.

This was a successful arbitrage deal where I sold the house as investment and created a strong relationship with the owner. By proposing to manage the property and convert it into a vacation home, I was able to create a win-win situation for both parties. The outcome has been meaningful, not only in terms of financial success, but also in establishing a strong and long-lasting relationship with the property owner. This deal highlights the importance of building relationships and thinking creatively in real estate arbitrage opportunities.

Investment Info:

Other other investment.

This real estate deal was an arbitrage opportunity where I was able to establish a strong relationship with the property owner and assume control of the property through effective management. As a result, the property is now generating strong cashflow as either a vacation home or a short-term rental. The successful outcome of this deal highlights the importance of building relationships and being proactive in seeking out and seizing arbitrage opportunities.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $159,000

Initially intended as a BRRRR deal, unforeseen circumstances led to a pivot in strategy and the decision to sell the property. The property requires $35k in repairs, with comps in the area reaching $400k. As the owner I am open to connecting with local investors and offering the property as-is or through a venture deal. This presents a chance for high ROI potential.

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

Location and proximity to the local University

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

MLS

How did you finance this deal?

Hard Money

How did you add value to the deal?

Did renovations to bring it to current condition

Lessons learned? Challenges?

The real estate deal taught me valuable lessons, including the importance of thorough due diligence and the proper protection of oneself when hiring contractors through proper contracts and review by an attorney. The experience also emphasized the significance of having a strong team and advisors, as well as working with a mentor.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $159,000

The property was initially purchased with the intention of completing a BRRRR (Buy, Rehab, Rent, Refinance, Repeat) deal, but due to unforeseen circumstances such as issues with contractors and the passing of my business partner, the decision was made to sell the property.

The property is located in a desirable area where comps are in the $400,000 range and requires approximately $30,000 to complete the necessary repairs and upgrades. As the current owner, I am open to connecting with local investors who are interested in purchasing the property either as-is or through a venture deal.

This deal provides a chance for an investor to take advantage of a well-located property with potential for significant return on investment. I am eager to discuss this opportunity with any interested parties and work towards a mutually beneficial outcome.

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

Location and proximity to the local University

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

MLS