All Forum Posts by: Kristopher Kyzar

📢 Exciting Event Alert: Invest in Real Estate Tax-Free!

Join us for an incredible opportunity to learn from one of the best in the industry, Ken Webber of Equity Trust! 🚀 Ken will be teaching us how to invest in real estate and grow our net worth tax-free. This is a must-attend event for anyone looking to diversify their investment portfolio and maximize their financial growth.

About Equity Trust Company:
Equity Trust Company is a premier financial services company that enables individual investors and financial professionals to diversify their investment portfolios using alternative asset classes such as real estate, tax liens, private equity, cryptocurrency, and precious metals. With over 45 years of experience in the financial services industry, Equity Trust Company is the trusted custodian and administrator of more than $34 billion in assets across 213,000 client accounts (as of 8/31/21). They streamline the investment experience by offering optimized solutions, processes, and service.

Event Details:
📅 Date: July 16, 2024
🕕 Time: 6pm-8pm
📍 Location: In-person and online options available)

Why You Should Attend:
- Learn how to invest in real estate tax-free.
- Gain insights from Ken Webber, a leading expert in the field.
- Discover the power of self-directed IRAs and alternative investments.
- Network with like-minded investors and professionals.
- Special Guest: Meet a successful real estate investor who has built a multi-million dollar real estate empire, allowing him to live his best life vacationing with his family multiple times per year. He will introduce an investment strategy that pairs perfectly with Ken’s teachings, like fine wine. 🍷

Space is Limited!
The physical location will be shared with the first 50 respondents who RSVP, as space is limited. Don't miss your chance to secure your spot at this transformative event. Whether you attend in person or online, make sure you RSVP using the link below. Let's fill the room with eager learners and future real estate moguls! 💼🏡

🔗RSVP Here:https://forms.gle/8wQSgrgDkhvpqpZC6

Feel free to share this event with friends and colleagues who might benefit. We can't wait to see you there!

#RealEstateInvesting #TaxFreeInvesting #EquityTrust #FinancialFreedom #InvestSmart

Condo association was never doing what they're chartered to do, including paying the water/sewer/trash bill, gutter cleanings  (neighbor's gutters caused damage to my property), exterior maintenance, etc.

Investment Info:

Townhouse buy & hold investment in Portsmouth.

Purchase price: $60,000
Cash invested: $12,000
Sale price: $94,500

2 Bed, 1 Bath townhouse purchased as a rental. After 2 years of positive cash flow, sold it for $34,500 more than I paid for it.

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

Low initial investment, high positive cash flow.

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

On the mls. It was under contract, and I made a backup offer. When the contract fell through, I came in next.

How did you finance this deal?

Personal loan from my contractor, followed by refinance with blanket mortage on 2 properties, pulling $60K out.  Sold them both recently, and netted another $90K upon sale.

How did you add value to the deal?

Spruced it up a bit, and rented it for $1200 per month.

What was the outcome?

After 2 years of positive cashflow, My tenant vacated leaving behind all of their junk. Emptied it, cleaned it, and sold it.

Investment Info:

Single-family residence buy & hold investment in Carrollton.

Purchase price: $52,500
Cash invested: $13,986
Sale price: $125,500

Got this gem through my lead generation campaign. Tired landlord offloading his portfolio. Initially thought I lost it because he got a higher offer, but followed up about a month later to find out he didn't sell. Negotiated from $60,000 to $52,500. Property is in good shape with paying tenant. Great cashflow for the last 2 years. Tenant was transferred, so I sold this rental to make room for more deals.

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

Low initial investment, positive cash flow for the duration of the renal period, huge profit on the back-end.

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

Off-Market lead generation campaign brought this deal to me. The seller was initially wishy-washy, but I let him negotiate with himself, and ultimately got the asking price down from $65K to $52,500.

How did you finance this deal?

DSCR loan from local credit union.

What was the outcome?

Solid cashflow for 2 years with existing tenant. Tenant was transferred 2 years after purchase, so instead of rehabbing and renting again, I decided to sell and put the capital to better use.

@Patti Robertson is a great option.

Does anyone have a map of the resort zoning district?

@January J Simpson I sent you a message.

@Jason SanMartin I'm messaging you with information for a company that started here in the HR area, and has since expanded all over the country.

@Frankie Lotrec there has been a significant increase in insurance premiums in Virginia recently.  I have been shopping my policies around myself, and will tell you it's challenging to get good rates at the moment.  I have a go-to I use for rental properties though, and I can get you in touch with him.

@Ryan Ross there is a large investor pool here in Hampton Roads, and quite a few agents who also work with investors.