All Forum Posts by: Julio Lara

lol had tenant in the first floor while doing this it will cause issues be carefull they will try to drop a dime on you bro. but i hated the braod anyways breaking the lease left and right.

good move thats what im currently doing now every room refinsh/reno floor by floor.

im going to check that book out. thank you

FHA boss. i took advantage of the 3.15% APR it be stupid for me to sell and go for bigger in i Higher interest rate.

how can , I do this? any suggestions

In this market you think its just better just to go big again get a second multi?

i want to get a home for myself but i know for sure in the future i will do better.

maybe the 4 green houses and red hotel concept works from how i look at it.

I live in a unit, fix a floor move to the other rent it out and so on and so on.

I try to cut down the cost of living the best way i can.

EGCF

Gross Annual rents $45,600

V A $3,192

CL $456.00

 Gross Annual Cash Flow $41,952

Investment Info:

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

Purchase price: $280,000
Cash invested: $30,000

Using for cash flow income

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

Financial freedom,travel

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

Realtor handled all of it

How did you finance this deal?

Cash/finance/FHA

How did you add value to the deal?

Renovations

What was the outcome?

Money

Lessons learned? Challenges?

Lol. Put your money in the right place.

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

HomeSmart