All Forum Posts by: Michael Voechting

 Thank you Mike! Hope your doing great. 

Looking for connections in the Johnson City Market. Realtors, Mortgage Brokers, Property Managers, etc. 

We will have Eitan Shafshak, President/CEO of Vision Lending speaking.  We will have time for Networking before and after.

LOCATION CHANGE!!!!!

New location is 5050 Koval Lane, Las Vegas, Door 5A.

A networking meeting with a guest speaker to discuss LLC's and Taxes. We will be having Brent Carlson from Corporate Capital Inc. We will be in The Convertible Room at Born and Raised Henderson. Come join us to meet other like-minded people and grow your network and knowledge.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $125,000
Cash invested: $37,000

Contributors:
Nancy Voechting

My wife found, analyzed, and made the offer and got accepted on this house, ConC return of 12%. I am one proud husband, she did a great job on this one. Property manager has someone moving in July 1.

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

I was traveling for work for 2 weeks and my wife was looking at properties. Our realtor just finished showing her one property, then said she was going to be listing a single family that was really nice and if she wanted to see it she would be the first to see it.

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

Our realtor was the listing agent and told my wife about it when she was showing her a different property.

How did you finance this deal?

25% down and convention loan.

How did you add value to the deal?

Everything had fresh paint and new carpet, the exterior was completed a few years ago.

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

Tricia Brost is our agent in Sheboygan and has done 3 other deals for us.

Investment Info:

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

Purchase price: $155,000
Cash invested: $40,000

A Side by Side duplex.

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

We already have a duplex in a city nearby, we were looking for another, but market there was pretty dried up, so we looked at a neighboring town. We found this property and it seemed to be a good deal.

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

Zillow, had our realtor do a video walk through for us.

How did you finance this deal?

25% down and mortgage

How did you add value to the deal?

After inspection we found a few items and the owner didn't want to fix so brought the price down.

Lessons learned? Challenges?

We got it for a good price, needing some small things we thought after the inspections. The property does need siding and are now waiting for a cost on that.

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

Our realtor does a good job in that area.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $430,000
Cash invested: $430,000

Will be a STR once stocked and ready to go.

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

My wife and I were thinking of an AirBnB for a while and we both also wanted a place on a lake, let's get the best of both worlds.

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

We have a realtor that we used for a duplex we bought earlier this year. She sent us lake house that came on the market.

How did you finance this deal?

SDIRA

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

Yes, our realtor was out of town the day we wanted to see the house, she set us up with an agent in her office and she did a video walk through with us and ended up doing the deal. She did a nice job.