All Forum Posts by: Logan Cooper

Hello BiggerPockets community! I'm Logan Cooper from Hampton Roads, Virginia, passionate about real estate investing for the past 2 years. I'm particularly passionate about investing in the market of Hampton Roads as it is a military hub.

Outside of real estate, I enjoy reading, keeping up with my fitness, and spending time with my family.

Excited to learn and connect with you all!

The PM is listed on the dockets along with the tenant. I am sure aa my statements reflect it as well as having a previous move out date which they paid the day of eviction and were able to retain the property. I am not utilizing my current PM after this property as they have dropped the ball on a lot of aspects the past 2 years.

According to the PMC, they do background checks, credit checks, past rental checks, the works.... problem is these tenants are serial renters. The other occupants have derogatory marks on their credit and rental history, so the son was the one who applied for the rental. Needless to say, the tenants are scheduled to move out Apr30th. Hopefully with no issues.

Investment Info:

Single-family residence buy & hold investment in Portsmouth.

Purchase price: $219,900
Cash invested: $14,000

I bought this house with my wife between deployments during the COVID era of the real estate market. By taking advantage of the low rates with the VA loan, I have been able to hold a property that cash flows $200 a month. The downside is that tenants miss rent payments and have to take them to court twice. Luckily I have a property manager overseeing the property so my court payments were nonexistent.

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

It seemed like the smart thing to do since it is in an up and coming area.

How did you finance this deal?

I used a VA loan

How did you add value to the deal?

I updated the kitchen slightly with a backsplash and painted the entire house.