All Forum Posts by: Shideler Bennett

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $1,100,000
Cash invested: $165,000

Short Term Rental in Southern Utah

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

No personal money out of pocket.

How did you finance this deal?

Seller carry and investor partner.

How did you add value to the deal?

Raised the money

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $300,000
Cash invested: $50,000

First home that has been fully renovated. Basement and studio apartment are rented to bring in $1600 per month in rent while living there. Mortgage is $1500 per month

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

I needed a home to live in and wanted to have my mortgage covered by the rents.

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

MLS

How did you finance this deal?

Traditional financing

How did you add value to the deal?

Full remodel inside + added living space (300 sqft)

@CJ M.

Thanks for the advice, I will do that.

If you already had a primary residence that you are house hacking and you had $50,000 what would be your next step?

Thanks for the feedback I'm looking into that combo. Do you know of any cheaper alternatives?

Last year I made the leap and bought my first property that I am house hacking, doing value add projects and even found a way to add another unit on the existing property. I feel like I have gotten over the biggest hurdle of just getting started but now I have used up most of my cash and maximized the income potential. This has left me with more motivation and excitement than ever. Now the challenge is to find ways to add value for other investors other than my own money. I am growing an insurance business while growing in my real estate career and both depend on me getting in front of more people to have quality conversations. What do you use to meet more people? Are there habits that you have formed to keep this top of mind? Is there a CRM that people are using for real estate that I don't know about. I would like to use ringless voicemails with my insurance client, does anyone know a software that does that?