All Forum Posts by: Shane J. Renard

@Lien Vuong - We did have a great appraisal and were able to cash out $244K for renovations. 

Check out our On/Off market assets. Enjoy!
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ON/OFF MARKET ASSETS

I am also looking for a new CPA who is Investor friendly. 

A soft intro from the previous seller and then a letter from you. I would also do a walk through, video and pictures. Make sure you always get a estoppel letter prior to closing on your next property. Always make sure you have updated tenant info. Job, Car, email and cell. 

@Michael Lockhart - Would love to chat with like-minded individuals as well. Anytime. I own and operate a local firm here in Green Bay. I am so passionate about RE Investing.

@Paul Novak - In my opinion, I would leverage with the debt. You will always need those write-offs. Mortgage is covered by the tenants paying the rent anyway. Sure you can use a large down payment to evade that PMI, and this will boost the cashflow per door. I am a fan of leverage and the velocity of money. The properties will gain value with the appreciation quickly.

@Carter McGill - I would leverage that equity into a duplex and rent one side and then live in the other. 

@Jennifer Lopez That is exactly why we are all here. Is to help each other and grow an amazing culture. Anytime you have some questions, I would be more than happy to assist. 

Investment Info:

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

Purchase price: $140,000
Cash invested: $10,000

Found this Tri-Plex on market with another agent. We offered cash and closed in 20 days.

Investment Info:

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

Purchase price: $90,000
Cash invested: $190,000

Found this gem on market and purchased with cash immediately. I knew this wasn't going to be a easy fix, but I wanted the project and to showcase this Victorian home for the community.

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

The beauty of this home and location

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

On Market

How did you finance this deal?

Cash

How did you add value to the deal?

Total Renovation

What was the outcome?

Appraisal of over $300,000

Lessons learned? Challenges?

Take Risk, you only live once