All Forum Posts by: Peyton Leal

Say you have a property listed/foreclosed/pre-foreclosed that is already at BRRRR value. Is there anyway to purchase straight off with no money down!? EQUITY BUILT IN?!?! My subject property needs minor cosmetic repairs and can be done easily and quickly. It is at 75% value and should rent easily. 3/2/2 and 2031 sq ft.

Thank you to all Veterans. You make it possible for us to invest and help out in real estate. Your contributions are not forgotten and thank you for your service.

@Jordan Moorhead Will do! Our accounts are with BBVA Compass. Celebrating In Austin?

@Salvatore Lentini Thanks for the insight! That’s how I feel right now and all Keller Williams agents/teams have actually helped out (especially me foregoing my commission to them). I like LoopNet and 100% agree on the establishing the relationships to gain credibility and access.

@Jordan Moorhead Thank you Jordan. It’ll be new Beast to tackle. Property managment and contractIng we have. Have a portfolio lender in mind, few PMLs, and potential line of credit. Btw let me know if you are ever in the area. If I get any decent leads in Houston/Austin I’ll reach out!

@Hadar Orkibi Thank you. That helps and we have full resources at our company to achieve that.

@Brian Adams

It helps to see that scaling is plausible and can be done with hard work and a solid WHY. Ill be sure to shoot you over the first apt. purchase! 

Thank you & see you at the top   

I'm looking to get out of flix/flip game and scale up from our office 5-plex. 8-20 units is where I want to start to scale up and move forward. 

In the small town I'm from, between Houston and Austin, there are apt complexes but none that are selling. Most possible is a hotel conversion. 

-Where should I be searching? (Loopnet, CBRE, HFF, ARA?) 

-What systems do I need in place BEFORE purchasing the units? (Prop. Mngt) 

I understand I will not be syndicating for multiple reasons, but where did you start?

I am working on a 4 plex with extensive roof damage. EST. $100-125k Repairs. Wouldn’t know if they would touch that with those kinds of loans or not. Even with potential $2500-3000 rents.

Howdy!

Semi-new to BP website but long time podcast listener and investor. 

Goals for our family business is to get out of the rat race and sip adult beverages on a beach somewhere. 

If our goals are alike or looking for information feel free to reach out!