All Forum Posts by: Ryan Gray

i may know someone that can help you. I am local and live in Eau Claire. Own an assisted living company and own a lot of real estate.

Investment Info:

Large multi-family (5+ units) buy & hold investment.

Purchase price: $2,000,000

Bought a 40 unit apartment building that appraised for 2.915m. The bank let me finance 90%, and got an owner second on the other 10%.

Investment Info:

Large multi-family (5+ units) buy & hold investment in Chippewa Falls.

Purchase price: $240,000
Cash invested: $24,000
Sale price: $240,000

16 unit boarding house and motel with it being ran as close to a apartment building as possible

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

High Cash Flow
Paid 240,000 and bringing in over 3,000 per month of cash flow after expenses

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

Direct Mail

How did you finance this deal?

Bank Financing

How did you add value to the deal?

We didn’t change anything!

What was the outcome?

High Cash Flow

Lessons learned? Challenges?

Keep in touch with sellers. Try to fulfill a need that they have even if it is not $

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

No

Investment Info:

Small multi-family (2-4 units) fix & flip investment in Eau Claire.

Purchase price: $25,000
Cash invested: $12,500

Purchased a triplex that needs a lot of work in Eau Claire. Our currently plan is to fix and flip.

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

I have always been interested in flipping properties to put the cash you can make into buy and holds.

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

I found this deal by just talking to others. My employee that works for my assisted living business brought the deal to me.

How did you finance this deal?

Cash

How did you add value to the deal?

We plan to rehab the entire property to add value.

Investment Info:

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

Purchase price: $610,000

Used my VA loan to owner occupy this property with no money down. This loan was a 30 year fixed rate at 2.25%. I didn't think this was the best deal, but it fit our needs and will be a good long term hold.

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

No money down and got a cash flowing property

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

I found this deal by posting on Facebook. I offered up a finders fee if someone could find me a fourplex to house hack.

How did you finance this deal?

VA Loan

Investment Info:

Single-family residence fix & flip investment in Bloomer.

Purchase price: $45,000
Cash invested: $9,000

The plan is to rent the home to the current tenant for 1 year at $600 a month and then fix up the outside and sell.

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

We were buying a triplex from the seller and asked if they would consider selling any other property.

Investment Info:

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

Purchase price: $149,990
Cash invested: $30,000

Bought this property from a landlord off Facebook. The landlord posted it on his personal page and not marketplace so the public could not find it. I have used keywords in the past to search for these which has led to multiple deals.

Investment Info:

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

Purchase price: $85,000
Cash invested: $18,000

Bought a triplex with my partner Shaun Tutor. This property's rents were at $800 a month which we are slowly raising to $1300 a month.

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

We liked that we could raise rents right at purchase due to the landlord renting to long term tenants. This landlord didn't need the money so he didn't raise rents over time.

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

Facebook Marketplace. The landlord originally listed one property which sold right away. A tactic we use is always ask landlords if they are willing to sell anything else which led to this deal.

How did you finance this deal?

Traditional Financing

How did you add value to the deal?

Raising Rents

What was the outcome?

Cashflow

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $68,000
Cash invested: $5,000

My First Home that I purchased at 18 years old. After moving out, into our current home we turned this into a SFH rental.

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

I was just finishing up high school and going to basic training for the military. I was scared of wasting money on renting and decided that I wanted to purchase instead of rent.

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

MLS- This is my only MLS deal to date

How did you finance this deal?

Bank- Standard Mortgage

How did you add value to the deal?

House hacked- added a room mate to pay the mortgage