All Forum Posts by: Stephen VanMeter

Investment Info:

Other buy & hold investment in San Gabriel.

Purchase price: $635,000
Cash invested: $12,000

3 SFHs in a package deal

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

The entry fee

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

Marketing at the dinner table

How did you finance this deal?

Owner Finance

How did you add value to the deal?

Raised rents

What was the outcome?

I now own them.

Lessons learned? Challenges?

I need more of these.

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

Hard money lender for downpayment

$112k would be such a steal right now! Congratulations on the investment!

Anyone looking to team up and make some money?
I could also pay you for dead leads, no equity, numbers don’t work, etc. Let do more together!

Hello @Matthew & @Jonathan I’m in Vero Beach, I’m a licensed full time real estate investor. I’d love to link up sometime. My number is 772-206-0271. 

You can meet other locals at CFREIA, they have a monthly meeting in PSL. I think it’s just over $100 a year or $20 a meeting, first one is free. There is also a free casual meet up in Vero Beach at the last Monday of the month.

Cfreia is on meet up .com and I am already a member. I also know of the casual meet up in Vero Beach every last Monday of the month. 

I know of all the meet ups on meetup .com but I'm trying to find anything new, please help BP SOS

Hey everyone, thanks for the kind comments! @Jason Gaccione My girlfriend manages all my properties in Florida and I’m a realtor. 

It’s possible to get a heloc without an appraisal, you have to shop around.

You can find various meetings on Meetup .com. If anyone wants to talk creative finance, shoot me a message or give me a ring.

In Ft. Pierce you shouldn't have any problem getting cashflow on a deal but it also depends on what is your strategy? House hacking? 20% down investment loan? BRRRR?