All Forum Posts by: Sheila Smith Oliver

There are many companies online that will help with that. I just saw an ad for a company that charges $1000 + furnishings on Insta. Not sure the name now..

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $275,000
Cash invested: $15,000

Short-term rental

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

Nice area near attractions such as Dell, Ole Town Round Rock, Kalahari Resort, and close to Austin.

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

Wholesaler with multiple investors interested. Was able to negotiate from $290k to $275k.

How did you finance this deal?

Hard money to DSCR 30 yr fixed loan

How did you add value to the deal?

New flooring, paint, fixtures, appliances, and removed popcorn ceiling. Landscaping and fire pit.

What was the outcome?

Renting well on AirBnB

Lessons learned? Challenges?

Learning how to stage more quickly. Vacasa did nothing with the property in 30 days. Switched to a local host and had it rented in first 2 days on Airbnb.

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

Easy Street and Networth

Investment Info:

Single-family residence fix & flip investment in Austin.

Purchase price: $227,500
Cash invested: $110,000
Sale price: $400,000

Purchased from New Western

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

Austin's booming market

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

New Western wholesaler

How did you finance this deal?

Hard money

How did you add value to the deal?

Converted carport to garage with automatic opener. Full remodel and landscaping.

What was the outcome?

Market did slow around the time of listing with several homes to choose from. Still sold above original expectations due to appreciation. Had a Section 8 tenant for the first few months.

Lessons learned? Challenges?

Hard money loan for 6 months was a tight window considering the current tenants lease and will be closing a week late.

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

KR Remodeling

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $130,000
Cash invested: $85,000
Sale price: $249,900

Fix and flip

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

Property was part of mgmt company portfolio. No other competition.

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

Jason Weathers at Auben Realty

How did you finance this deal?

Hard money loan

How did you add value to the deal?

Used extra basement square footage for additional bedroom

What was the outcome?

Multiple offers over asking pending in 2 days

Lessons learned? Challenges?

Granite was a small hold up. Will use in stock going forward.

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

Jason Weathers at Auben Realty