All Forum Posts by: Magenta Vaughn

I'm super grateful I found bigger pockets in my early 20's. I would listen to the podcasts over and over with my headphones while I worked outside in my gardens all day. Just getting all the information in my head and telling myself I would find a way to invest in real estate. It hasn't been as easy as I had hoped, its going slower than I had hoped. But I feel very lucky to have been able to purchase three small investments so far. Each one getting a little better as my reach slowly grows. Last Autumn I had the pleasure of finishing up the self designed and custom built-third unit in my 4 plex to rent out as a midterm rental. I'm now looking for my next deal, hopefully an owner occupied multi family. After that I may get my first J O B working for someone else to speed up the investment process.

Investment Info:

Other other investment.

Raw land. Lots of water. Easement with hydroelectric plant on rear corner of property that may be reverting back to me. Looking for investor partner. Rare gorgeous spot with Native American artifacts.

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

Originally was used as a farm and homestead. I wasn't into real estate yet. Looking to convert into something profitable now that I am no longer a farmer.

Hi! I am a newer to real estate investing but def understand the potential benefits of writing off W-2 income with passive loses. My spouse and I have completely separate finances. He is starting to make more and we recently filed taxes jointly for the first time, as he saw what a huge difference it made. He is starting to make more and has agreed to see a financial planner, in the past he was scared to invest in anything. I have been trying to explain to him for years how having money in a savings account is the worst thing possible. He is risk averse. Does anyone have a good financial planner they can recommend to us that will lean heavily into real estate investing?

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $127,000
Cash invested: $127,000

4 plex MRT

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

I love multifamily. Its so efficient!

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

Mentor helped me

How did you finance this deal?

cash

How did you add value to the deal?

Turned it from a c/d i to a B class MTR

What was the outcome?

its cashflowing great

Lessons learned? Challenges?

Take the amount of work you think it takes to get a property running, then double it, then double that energy again if you want to make it run smooth and efficient

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

not yet