All Forum Posts by: Logan Whitlow

Investment Info:

Mobile home fix & flip investment in Spring Hill.

Purchase price: $2,000
Cash invested: $3,000
Sale price: $13,500

Quick Mobile home reno and flip.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $255,000
Cash invested: $40,000

This is my 3rd Investment property. This was a large renovation, requiring removing walls to make the space more open.

Investment Info:

Single-family residence buy & hold investment in Edwardsville.

Purchase price: $180,000
Cash invested: $30,000

This is my second investment property. I bought this and did a live in renovation racing the clock to get it done before I got married. I finished this property the night before my wedding. It was a large renovation I was able to do all the work myself. I turned this 3 bed 2 bath 2000 sqft house into a 4 bed 3 bath beauty. I was able to change a lot of the floorplan of this house, add a bed and a bath and making it flow much better. I'll let the pictures speak for themselves on the end product.

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

I just told everyone I know that I was looking to buy a house. and through a friend of a friend I found this property off market.

How did you finance this deal?

Conventional 5% down home lown

How did you add value to the deal?

complete renovation, below market purchase price, adding a bedroom and bathroom

What was the outcome?

Rented out for $1950 per month and cash flowing for $750 per month. looking to refinance as soon as possible. Purchase price $180,000, reno budget $30,000, ARV $300,000

Investment Info:

Single-family residence buy & hold investment in Edwardsville.

Purchase price: $180,000
Cash invested: $30,000

This is my second investment property. I bought this and did a live in renovation racing the clock to get it done before I got married. I finished this property the night before my wedding day.

It was a large renovation I was able to do all the work myself. I turned this 3 bed 2 bath 2000 sqft house into a 4 bed 3 bath beauty. II moved out of the property into my next renovation. I was able to change a lot of the floorplan of this house, add ins a bed and a bath and making it flow much better. I'll let the picture speak for themselves on the end product.

End Result: It rents for $1950 per month coflowing $750 per month. I am working on getting it refinanced and pulling out all the money I put into it. Purchase $180,000, reno $30,000, ARV $300,000.

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

I just told everyone I know that I was looking to buy a house. and through a friend of a friend I found this property off market.

How did you finance this deal?

Conventional 5% down home lown

How did you add value to the deal?

complete renovation, below market purchase price, adding a bedroom and bathroom

What was the outcome?

Rented out for $1950 per month and cash flowing for $750 per month. looking to refinance as soon as possible.

Investment Info:

Single-family residence buy & hold investment in Pittsburg.

Purchase price: $25,000
Cash invested: $25,000

This my first investment property and it was a major project. I replaced almost everything in the house and I did all the work myself. I bought this house when I was 18 years old. While renovating this house I was working 20 hours a week, taking 18 credit hours at my local community college and the house was 2 hours away from me. My total investment is $50,000 and it is now worth $110,000 and rents out for $1100 a month. This turned out amazingly and I am very happy with how it looks.

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

I was planning on going to college 2 hours away from where I lived. Instead of renting I decided to buy a house and renovate it. Then I would be able to house hack and have free housing.

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

MLS. The house was listed for $40,000 and I bought it for $25,000. I used a tactic I learned off of the podcast. I gave the seller two options one fix all problems with the house and I would purchase for $40,000, or I would take it as is for $25,000.

How did you finance this deal?

Saving up cash for reno and borrowing the purchase from family.

How did you add value to the deal?

Full renovation, and immediate equity for negotiaition

Investment Info:

Single-family residence buy & hold investment in Pittsburg.

Purchase price: $25,000
Cash invested: $25,000

This my first investment property and it was a major project. I replaced almost everything in the house and I did all the work myself. I bought this house when I was 19 years old. While renovating this house I was working 20 hours a week, taking 18 credit hours at my local community college and the house was 2 hours away from me. My total investment is $50,000 and it is now worth $110,000 and rents out for 900 a month. The turned out amazingly and I am very happy with how it looks.

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

I was looking to buy a house where I was planning to go to college. This way I could live in one room and rent the other 2 out.

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

I found this off the MLS for $45,000 and I negotiated them down to $25,000. The house was in bad shape so I used that to my advantage when negotiating. I used the technique of giving the sellers two options, one was they give me the $20,000 off and I do the work, or two they fix the roof and HVAC and I'll pay asking.

How did you finance this deal?

I saved $20,000 and got a family member tow give me a loan for the rest.

How did you add value to the deal?

It was a full house renovation.

What was the outcome?

I built $60,000 in equity and a property that cash flows $400 a month on a $20,000 cash investment. My cash on cash return on investment is 24%.

Lessons learned? Challenges?

I learned how to do HVAC, roofing, pluming, tile laying, laminate flooring, concrete counter-tops, drywall, texturing walls and ceiling, fixing foundations, trim, electrical, framing, and so much about the process of buying a property.