All Forum Posts by: Sherrie Malais

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $235,000
Cash invested: $48,000

House for my son and Airbnb for other income.

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

Son was paying $1400 a month for an Apartment

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

Son found new construction near his work.

How did you finance this deal?

Home loan with my son.

What was the outcome?

I have a room when visiting and still making money when Im not in Oklahoma.

Investment Info:

Townhouse buy & hold investment in Trenton.

Purchase price: $900,000
Cash invested: $32,000

My first off market and 1031 deal, sold 2 townhouses for 3 townhouses, added $32000. They are not on Trenton. Outside BYU of Idaho.

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

Interest rates are higher so using current equity to add a door.

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

I was offered to join an off market deal.

How did you finance this deal?

1031 exchange

How did you add value to the deal?

Asked Contractor to tile bathrooms.

What was the outcome?

Still in motion, we will see.

Lessons learned? Challenges?

Interest rates.

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

Anderson and Hicks in Idaho Falls, Idaho. Steve Anderson Real Estate Agent.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $272,500
Cash invested: $15,000

4/2 Single family house

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

The house prices are lower than what is available near where I live and the rent is same.

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

MSL and looking on line with zillow

How did you finance this deal?

Cash since other bids in on house then refinance 75%

How did you add value to the deal?

Bigger pocket Rental calculator

What was the outcome?

Cash flow $700 (mortgage, taxes, insurance with property manager cost included)

Lessons learned? Challenges?

Appliances low stock to choose from and Contractor took longer than planned.

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

Had establish Real estate agent, however did hire a property manager the day I showed up to see house after my offer was accepted. That led to an off market deal.

@Nick Babler

Hi Nick. Would love to meet up in Loveland area for a investor group. Do you have any scheduled? I just joined bigger pockets! Loving the podcasts. I currently have rental properties in Loveland and Greeley but need a mentor or just talked with people but growing. I host did it on my own and now realized I should have done more deals and differently.

Sherrie Malais

@Pam Smith Ho Pam I've been doing short rentals fir awhile. Take pictures and document everything you clean and your time. Get estimate for repairs asap. Call Airbnb and/ or file on line asap. They will catch up with them and settle bill.

Hi Luke,

Im actually selling both together and doing 1031 exchange for a commercial investments. 

Investment Info:

Townhouse buy & hold investment.

Purchase price: $180,000
Cash invested: $36,000

Owner approach me to purchase other half of Townhouse.

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

To own both sides.

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

Owner approach myself and I negotiated what the going market was in the area and the work that needed to be done to property. Also found a Real estate agent to do the deal for 1% and we split the savings and the cost of closing.

How did you finance this deal?

Conventional 20 year loan.

How did you add value to the deal?

Updating property

What was the outcome?

Getting ready to sell.

Lessons learned? Challenges?

Challenges is keeping it full.

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

Not really. Sellers agent bowed down to do the deal for 1% to meet my real estate agents fee or he was going to loose the deal.

Investment Info:

Townhouse buy & hold investment.

Purchase price: $142,500
Cash invested: $28,500

Another Airbnd & Executive room rental

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

Housing for my child in college.

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

On line.

How did you finance this deal?

Conventional Loan

How did you add value to the deal?

Updating property

What was the outcome?

Currently getting ready to sell.

Lessons learned? Challenges?

Still more work with Executive Housing but there is a niche in the market for them.

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

No really.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $180,000
Cash invested: $36,000

Current Executive Room Rental

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

Undervalued Housing Market

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

Personally looked for the property.

How did you finance this deal?

Conventional 15 year Loan

How did you add value to the deal?

Invested in upgrading property

What was the outcome?

Still own

Lessons learned? Challenges?

More cash flow with vacation and room rentals, however more work too.

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

Recommendations should be on what your deal is and what you need?