All Forum Posts by: Justin Kroepfl

With my private lender I am able to make a cash offer and get the price I want on the property. Also I am not yet in a position to make a large DP like the 20 or so percent required for conventional financing. 

Quick question for everyone our out there. I am analyzing a possible purchase of two duplexes and the cash on cash return is around 4% when factoring the numbers from my private lender. The intention is to refinance the proeprties in 6 month into a conventional 30 year fixed loan. At that point the return is fantastic...so...do I ignore the return during the period I will be carrying the private loan and just focus on the return once refinanced?? 

Thank you for any responses!!

What do other investors look for in a great property management company? How much do you usually expect to pay? Is there any service that if it is lacking it is a deal breaker? 

Thank you for your info!!

Hey Senit, I am just beginning in building my RE portfolio and recently purchased my first buy and hold duplex. I may be interested in hearing how to make sure I am set properly and protected legally. What would be the best way to get I touch and maybe set up an intro? Thanks!!

How's the wholesaling going? I am an investor looking for properties and would like to hear if you have anything. Thanks!

I am looking to for financing on fix n flip and fix n holds out in the Spokane area. I have the money to pay for the renovations but need financing to buy the properties. 

Originally posted by @Devan Fowler:

Congrats @Justin Kroepfl! May I ask what it was listed at and how you found the cash buyer?

 Thank you Devan! It was originally listed at 105k and the cash buyer was someone I met through constantly talking about my real estate investment goals. We got to talking and he mentioned it's something he loves putting his money into and asked that I reach out if I find any good properties. 

Originally posted by @Katy Fry:

Good job Justin. How are you finding the properties? Is your property in Idaho or Washington? I'm looking at some SFH in the Spokane Valley. Some are pretty decently priced but need work.

 Thank you Katy! I purchased this property in Spokane because the numbers work really well there. I am mainly focused on buy and hold right now but keeping my open for potential flip properties. 

Originally posted by @Evan Bell:

Congrats!  Why did you decide to go into MFH to start out?  As a new investor myself, I am curious and interested to hear why other new investors choose to take the path that they do.

Thank you! I decided to do Multi family because the numbers in my area make a lot more sense. There are very few SFH that I can get the numbers and cash flow to work well with.

After 8 or so months of learning and listening to almost every episode of the bigger pockets podcast episode I finally pulled the trigger on my first deal!!! Basically the deal was 99K for a duplex with current tenants that have been there for 11 years on one side and 3 years on the other. Many improvments such as new roof and electric water heater done within the last year. Partnered with a cash investor who fronted the cash and everything is split 50/50. Rents are 625/month per side. My payments to partner are 330/month including tax/insurance coverage. This brings me to around 295/month cash flow that is going directly to savings for any potential future expenses and towards the next investment. I am handling the management myself so I can learn more about dealing with tenants and managing the business. Have an offer in on my next property and will keep you all posted if it goes through!! Goal for the year was to buy 5 multi famliy properties and I may have two before January is over!!