All Forum Posts by: John Crutsinger

It is in Devon Park, backs Randall Lake, we purchased it in April 2020. It was a monster rehab, took 14 months. Luckily it was a cash purchase so our carrying costs were minimal.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $360,000
Cash invested: $200,000

4 bedroom sfr. Student Rental. 36% LTV, 8.83% annualized return.

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

Great location

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

MLS

How did you finance this deal?

Self financed

Investment Info:

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

Purchase price: $250,000
Cash invested: $200,000

3 bd sfr front house, convert garage to 2 bd back unit. LTV 44%, annualized return 11.39%.

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

Cash flow

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

MLS

How did you finance this deal?

Conventional loan

How did you add value to the deal?

Added an ADU

What was the outcome?

Increased cash flow

Investment Info:

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

Purchase price: $395,000
Cash invested: $150,000

Small multi unit, 3bd sfr in front, 2 units in back, 1 1bed, 1 studio. Currently renting as furnished mid term rental (3-6mo). 48% LTV, 17.7% annualized return.

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

Improving area great upside potential

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

MLS

How did you finance this deal?

Yes

How did you add value to the deal?

Furnished convert to Mid Term Rental

What was the outcome?

Great cashflow

Investment Info:

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

Purchase price: $290,000
Cash invested: $290,000

Single family front house 4 bd, 2bd back unit. Complete rehab down to studs. Current LTV, 39% annualized return 8.93%.

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

Cash flow

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

Tracked down owner of expired listing

How did you finance this deal?

Cash then cashed out refi

How did you add value to the deal?

Comps

What was the outcome?

Good cash flow great rental stability, appreciation

Lessons learned? Challenges?

Work flow in Wilmington NC