All Forum Posts by: Nate Byham

David A.

Yes we are cashflow positive. Currently as a portfolio in real estate we are a 11.4 cap

I started in bigger pockets with my first investment property in 2018. After closing a duplex with a mobile home in one deal. I started on my next deal a duplex that I renovated and raised rents from 450 to 750. As soon as that renovated property was rented I purchased a 3rd duplex witch didn’t have separate utilities. The day after closing we gutted the whole property converted it to a single family house with 5 beds 2 baths rents for 1k. 
we currently have 250,000 in assets and cash out of pocket 79k. All projects and renovations we completed from February 2019-July 2020. It has been non stop and I absolutely love it. During this process my wife and I started a ultrasound business for expecting mothers. So far it has been profitable from month one   Covid lock down was great for business when your business is babies. 
we also have 2 children under the age of 2.5 and they are perfect. 

My point in posting this is my goal is to be retired from my full time job by 2024 And a life goal of f**k you money!  Wealth with no excuses!   I’m looking for like minded individuals to make deals. 

Investment Info:

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

3 unit multi family

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

Listed below market value and high cash flow

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

Real estate agent

How did you finance this deal?

Yes. SBA loan

Lessons learned? Challenges?

First deal. Everything was a learning experience. Bigger pockets was a great teaching tool

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

Yes. Local Remax agent