All Forum Posts by: Nitin John Abraham

Investment Info:

Single-family residence buy & hold investment in Kansas City.

Purchase price: $45,000
Cash invested: $26,000

2 bd1 bath 946 sqft

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

Up and coming neighborhood

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

MLS

How did you finance this deal?

Cash purchase

How did you add value to the deal?

BRRR deal. Rehabbed the interior and exterior of the home, including all new flooring, fixtures, interior and exterior paint and all new windows

What was the outcome?

Rented for $875, will cash out after 6 month seasoning period

Investment Info:

Single-family residence buy & hold investment in Kansas City.

Purchase price: $45,000
Cash invested: $15,930

3 bd1 bath 1,281 sqft. Corner lot

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

Corner lot on a large street, curb appeal to the home.

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

Found on the MLS by agent

How did you finance this deal?

conventional financing. 20% down.

How did you add value to the deal?

REhabbed the interior, repainted, changed fixtures and trim.

Investment Info:

Single-family residence buy & hold investment in Kansas City.

Purchase price: $41,640
Cash invested: $7,087

3 bd1 bath 744 sqft

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

Long term tenant in place on a voucher.

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

Found this deal on the MLS through my agent

How did you finance this deal?

Conventional financing 20% down

How did you add value to the deal?

Negotiated a new roof prior to sale based on inspection

Lessons learned? Challenges?

Property was originally priced at $59,000. The key was patience to let the home get to the right price that i wanted to pay.

Investment Info:

Single-family residence buy & hold investment in Kansas City.

Purchase price: $32,500
Cash invested: $10,000

2 bd1 bath, 720 Sq ft home on a corner lot.

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

Property found on the MLS by my agent

How did you finance this deal?

Cash

Investment Info:

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

Purchase price: $145,000
Cash invested: $36,250

Second Purchased property – duplex - purchased along with my first duplex from the same seller

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

Being that it was my second property it was attractive that the homes already had long term tenants in place.

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

Found on the MLS by my Agent

How did you finance this deal?

Conventional Financing with 25% down. Rate was 5.125%.
Home has been refinanced in March 2021 at 3.375%, increasing cash flow approx $200 a month. The appraisal for the refinance also valued the homes at $166,000 which was a 20K increase in equity in 18 months from purchase.

What was the outcome?

Steady cash flow, good tenants, homes will need to be rehabbed in a couple of years to upgrade finishes and rents

Investment Info:

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

Purchase price: $145,000
Cash invested: $36,250

First Purchased property - duplex

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

Being that it was my first property it was attractive that the homes already had long term tenants in place.

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

Found on the MLS by my Agent.

How did you finance this deal?

Conventional Financing with 25% down. Rate was 5.125%.

Home has been refinanced in March 2021 at 3.375%, increasing cash flow approx $200 a month. The appraisal for the refinance also valued the homes at $166,000 which was a 20K increase in equity in 18 months from purchase.

How did you add value to the deal?

Made upgrades to the home based on inspection issues with electrical, wood rot etc.

What was the outcome?

Steady cash flow, good tenants, homes will need to be rehabbed in a couple of years to upgrade finishes and rents.

Investment Info:

Single-family residence buy & hold investment in Kansas City.

Purchase price: $45,000
Cash invested: $29,000

3 bd1 ba1,211 sqft

First BRRR deal,

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

BRRRR Deal

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

Found on MLS

How did you finance this deal?

Purchase for Cash

How did you add value to the deal?

Remodeled the interior, new bathroom, refinished floors, painted entire home updated all finishes. Spent approximately $26,000 on the remodel

What was the outcome?

After 6 months, cash out refinance done on the home. Home appraised for $95,000 which allowed me to pull out most of my money.

Investment Info:

Single-family residence buy & hold investment in Kansas City.

Purchase price: $37,500
Cash invested: $10,014

2 bd1 bath home - 1,036 sqft comes with an extra lot on the side that can be sub divided at a future time.

Investment Info:

Single-family residence buy & hold investment in Kansas City.

Purchase price: $37,500
Cash invested: $10,014

Investment Info:

Single-family residence buy & hold investment in Kansas City.

Purchase price: $55,000
Cash invested: $12,000

2 bed 1.5 bath. 975 sqft. Bought direct from a seller with a tenant in place, rent at $750

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

Off market deal

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

looking on zillow for properties that were FSBO

How did you finance this deal?

Cash purchase which was then converted into a commercial loan with multiple homes.