All Forum Posts by: Michael Kelley

@Travis Brizendine thanks Travis, much appreciated!

Hello everyone! I'm looking for recommendations for a CPA & attorney who specialize in real estate investing. Have someone you've worked with or are currently working with successfully that you'd recommend? 

All the best,

Michael

@Trent Chance - yes, conventional loan at 3% down ($2,940), additional closing costs approx $4,475. Property will be my primary residence (must reside there within 60 days of closing) and will renovate while living there. After 'seasoning period', will look to re-finance and pull out as much of my money as I can. Looking to add 2 more doors within the next 12 months.

@Cory Cutchall - thank you!

@Matt Morgan - thank you!

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $98,000
Cash invested: $9,700

3 bedroom, 1 bath with single detached garage SFR. Neglected inside and out...lots of renovation needed.

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

Seemed liked a good jumping in point...

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

MLS, negotiated with an agent...

How did you finance this deal?

Conventional loan with 3% down, 30 year fixed at 4.25%

How did you add value to the deal?

Bought under market value. Renovating kitchen and bathroom. Adding a bedroom, bathroom and additional living space in the unfinished basement.

What was the outcome?

Work in progress

Lessons learned? Challenges?

We're in the game and learning alot...

Booked!

Hello Omaha, NE area BP members! Planning to attend the BP conference in Nashville, TN in October? Let's be sure to meetup while we're there!

Michael Kelley

Trevor and Joshua, thanks for the input...much appreciated!

View report

*This link comes directly from our calculators, based on information input by the member who posted.

@Matt Mcnulty thanks a million!

Hello from Omaha! 

I'm looking to wholesale. Anyone willing to share a bulletproof Purchase and Sale Agreement for use in Nebraska, along with an Assignment of Real Estate Purchase and Sale Agreement. Any assistance is appreciated!

Michael