All Forum Posts by: Lauren Carlton
Lauren Carlton has started 1 posts and replied 4 times.
Post: Just paid $4000 for 3day workshop. Thumbs up or down?
- New to Real Estate
- Pensacola
- Posts 4
- Votes 1
@Jeremiah Akindele just got my Master Scuba certification 😉😁 reach out any time
Post: Just paid $4000 for 3day workshop. Thumbs up or down?
- New to Real Estate
- Pensacola
- Posts 4
- Votes 1
@Jeremiah Akindele
I paid 2k for training with Rich Dad Poor dad program last year. They gave me good tips and advice.. then tried to upsell me for mentorship for almost exact same amount. They did a great job getting me started but for 40k I can use that as down payment for a nice property invesent. You are your greatest asset in learning and there is plenty of people on YouTube and BiggerPockets who provide you with the same info at no cost.
Post: My first Investment Property!
- New to Real Estate
- Pensacola
- Posts 4
- Votes 1
Thank you so much! The conventional loan has a 5% interest rate
Post: My first Investment Property!
- New to Real Estate
- Pensacola
- Posts 4
- Votes 1
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $70,956
Sale price: $73,150
7704 Kipling St APT B
Pensacola, FL 32514
2 beds 2 baths 1,116 sqft
How did you find this deal and how did you negotiate it?
I was using Zillow when this house went on the market. At the time it was a great deal because other homes similar to it were selling around 80-90k. The seller was moving into a new home to fit their growing family and they needed to sell the property asap!
How did you finance this deal?
Conventional Loan
How did you add value to the deal?
Originally they were trying to sell the home for 75k but with the roof needing repair we negotiated a lower price. I threw down 2k to help seller get new roof. At the end I was able to get the house for what I wanted it for with a brand new roof.
What was the outcome?
It's a 2Br/1.5Ba townhome. I'm living in one bedroom while the second bedroom is being rented out. They pay for the mortgage and I'm paying for utilities . It's not the best outcome however much better than paying 1200$ in rent and utilities.
Lessons learned? Challenges?
This was my first mortgage and my real estate agent made everything easy to move to follow. My challenge was understanding HOW everything works and terminology threw me off.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Thomas Leemon