All Forum Posts by: Landon Moore

Investment Info:

Single-family residence wholesale investment.

Purchase price: $396,429

Pre-Foreclosure Subject To VA Loan 3.25% Interest Rate Wholesale

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

Interest rate and entry fee

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

Agent - On Market!

How did you finance this deal?

None

How did you add value to the deal?

None

What was the outcome?

Wholesale $8,500.00

Lessons learned? Challenges?

When reinstating a pre-foreclosure, keep in mind the reinstatement fees.

Investment Info:

Single-family residence wholesale investment.

Purchase price: $310,000

Subject To Wholesale Deal for a Pad Split investor 4% Interest Rate

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

Low Entry Fee | Low Interest Rate

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

On Market - Zillow

How did you finance this deal?

None

How did you add value to the deal?

None

What was the outcome?

Wholesale assignment of $12,000.00

Lessons learned? Challenges?

Network = Net worth

Investment Info:

Single-family residence wholesale investment.

Purchase price: $349,999

Subject To 4.25% Interest Rate wholesale to end buyer!

$10,000.00 Assignment

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

4.25% Interest Rate! and Low Entry Fee!!

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

On Market - Zillow | Agent

How did you finance this deal?

None

How did you add value to the deal?

None

What was the outcome?

Wholesale to end buyer $10,000.00 Assignment Fee

Lessons learned? Challenges?

Double check your numbers!

Investment Info:

Single-family residence wholesale investment.

Purchase price: $320,000

Uniform Real Estate | Contract for Deed (SubTo) Wholesale Deal!

$12,000.00 Assignment

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

Low entry fee and 3% Interest Rate

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

On Market - Zillow with listing Agent.

How did you finance this deal?

Wholesale

How did you add value to the deal?

None

What was the outcome?

Wholesaled for $12,000.00 fee at Close of Escrow!

Lessons learned? Challenges?

Utah Housing Authority is a pain!

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $500,000
Cash invested: $27,118

2.5% Interest Rate Subject To VA Loan!

On market property | Turned this into a STR

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

Low Entry and low interest rate on the VA loan

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

On market, Zillow. I called the agent!

How did you finance this deal?

$27,118 was my total wire to purchase the home!!

How did you add value to the deal?

$10,000 in rehab, interior paint, exterior landscaping work. Furnishings!

What was the outcome?

A beautiful STR property located in the Flathead Valley

Lessons learned? Challenges?

Finding reliable contractors ahead of time in rural parts of the USA.

Hey All, I want to share the incredible journey I've been on since I joined the SubTo Mentorship program. It's not an exaggeration to say that this experience has transformed my life and families lives in ways I never thought possible.

Before SubTo Mentorship:

1. Lack of Direction: Prior to joining SubTo Mentorship, I felt lost in terms of my personal and professional goals. I had a lot of ideas but no clear path to execute them.
2. Limited Skillset: I had some skills and knowledge, but I lacked the confidence and expertise to take them to the next level.
3. Isolation: I often felt isolated and disconnected from a supportive community. It was challenging to find like-minded individuals who shared my interests and aspirations.

How SubTo Mentorship Changed My Life:

1. Clear Guidance and Mentorship: SubTo Mentorship provided me with a mentor who had a wealth of experience in my field of interest. Having someone to guide me, answer my questions, and provide constructive feedback has been invaluable. Their insights and advice have given me a clear roadmap to follow.
2. Skill Development: Through the program's workshops and resources, I was able to acquire new skills and enhance existing ones. This not only boosted my confidence but also made me more marketable in my chosen field.
3. Supportive Community: SubTo Mentorship introduced me to a community of fellow mentees who were just as passionate and driven as I was. This sense of belonging and support was a game-changer. We shared ideas, collaborated on projects, and provided encouragement during challenging times.
4. Networking Opportunities: The program also offered networking events and connections with industry professionals. These opportunities allowed me to expand my professional network, opening doors to potential collaborations and career opportunities.
5. Personal Growth: Beyond the professional aspects, SubTo Mentorship helped me grow as an individual. I became more disciplined, goal-oriented, and resilient in the face of setbacks. I learned to embrace challenges as opportunities for growth.
6. Achievement of Goals: With the guidance and support of my mentor and the community, I was able to set and achieve significant milestones in my personal and professional life. I launched projects I'd only dreamt of before joining the program.
7. Confidence and Self-Belief: Perhaps the most significant change has been the boost in my confidence and self-belief. I now believe in my abilities and know that I can overcome obstacles to reach my goals.
8. Since joining, I have completed over a dozen deals, made 1000+ connections!

In conclusion, SubTo Mentorship has been a life-changing experience for me. It provided the guidance, skills, and community I needed to transform my life in ways I couldn't have imagined. I am now on a path of purpose and fulfillment, and I owe much of my success to the SubTo Mentorship program. If you're looking to make a positive change in your life, I wholeheartedly recommend giving it a try, message me in there to connect!

Investment Info:

Single-family residence wholesale investment.

Sale price: $25,000

Subject To Wholesale to Wrap Buyer for $25,000 assignment

$0.00 to Seller
No Agent Fees
No Rehab
Buyer paid All Closing Costs

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

The assignment possibilities!

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

On market, agent was a knucklehead, and the seller got rid of them for us to buy it.

How did you finance this deal?

Assignment / Wholesale.

How did you add value to the deal?

$0

What was the outcome?

$25,000 Assignment fee

Lessons learned? Challenges?

Keep Pushing thru! Follow up follow up!

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $550,000
Cash invested: $6,125

Purchased SubTo. FHA 3% Interest Rate.

$0.00 to Seller
$5,000.00 to Agent as referral fee
Closing Costs + Taxes

Long Term tenant paying $3,650.00 / mo. on a 12 mo. lease.

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

1% Entry Fee to secure an appreciating asset in the PNW!

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

I called the agent, who had it listed on Zillow

How did you finance this deal?

Cash

How did you add value to the deal?

Cleaned it

Lessons learned? Challenges?

Ask if the seller filed for a forbearance before closing and ensure you have a solid Transaction Coordinator.

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

Agent | Title and Escrow

Beyond is a great dynamic pricing software, however their user pricing is booking % based. Whereas PriceLabs is a fixed rate per property at $19.99 for the first and as you accumulate properties the price per listing decreases. If you have a single property and gross over $2,000 per month, its cost advantageous to use PL for dynamic pricing. 
Tip - Map your VRBO listing for same properties thru your AirBnb listing in PL for only an additional $1.00. 

@Andrew Steffens

@Andrew Steffens If you have 50+ properties, what does Revmax provide for you that made you switch? Do you prefer a specific PMS as well, over another?

The only weird thing about having separate bank accounts lets say per listing, is if you need to add a pool heating fee ad request an additional charge, that $ can only deposit into the primary bank account, not the listing specific account...which is annoying. The work around is to modify the reservation and change the nightly rate and build it in.