All Forum Posts by: Maxwell Fontaine

Hello BPers,

I am looking to 2 deals, I am analyzing in the 24501 24504 areas. I am going to start out a BRRRR strategy.

I actually am looking to take a fully stripped house and turning it into a duplex, the second property is a good sized 4 bed 2 full bath.  

Going into these property I am in search of a private money lender to partner with. I would love to build a relationship with anyone interested in this gentrifying process. This area will produce a big return and longevity.  

I am focusing on being  part of this change specifically in the downtown area in the 24501 & 24504 area.

Also would any lenders be willing to even communicate with me and help me with a presentation on how to properly present investment opportunities. 

I am more than willing to be patient and build a good relationship before moving.

Any lenders willing to  take the time to build an investing relationship I would be more than willing to build.

Thank you so much ! I was not sure since I would be taking a slight decrease with the cash flow initially, it was making me somewhat timid.  Thank you for you review on the property.  I do not plan on being in this property for long, just long enough to save up some more money to buy another multifamily.

Hey BPers,

I am a new investor. I have putting in an offer on a property and I am just asking for another set of tenured eyes. All feedback is appreciated.

Area is experiencing gentrification and growth of including jobs and city density.

Lynchburg VA

Duplex roof is good for another 13yrs. HVAC is 5yrs old Plumbing is good unsure of the age.

Purchase 88k 

Loan FHA 3.5% down

bed/bath 2/1 each side

Side 1 is currently rented for $440 (below market) by $45 for the size

Side 2 I will be living in with a roommate and room rent is $330 (median market for a room for the size)

Side 2 COMPLETELY RENTED will be $675 (median for market)

Owner pays near $180 for water a month and tenants pay the rest of the utilities

with mortgage, insurance, taxes, fees, monthly payment to own the property is $611.87

I am really just trying to cover all of my bases right now. 

Good deal or Bad deal.

Thank you BPers