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All Forum Posts by: Susan S Morris

Susan S Morris has started 12 posts and replied 20 times.

Post: Airbnb - Nags Head, NC

Susan S Morris
Pro Member
Posted
  • Real Estate Broker
  • Richmond, VA
  • Posts 20
  • Votes 12

Investment Info:

Single-family residence buy & hold investment in Nags Head.

Purchase price: $325,000
Cash invested: $50,000

3 bed, 2 bath beach box. 980 square feet

Post: Fix & Flip - Richmond, VA

Susan S Morris
Pro Member
Posted
  • Real Estate Broker
  • Richmond, VA
  • Posts 20
  • Votes 12

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $318,000
Cash invested: $15,000
Sale price: $380,000

2900s sqft. 5 bed, 3.1 bath single family residence in established neighborhood

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

Opportunity from seller

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

Personal client and I negotiated it myself as the agent

How did you finance this deal?

Owner financing

Post: Fix & Flip - Henrico VA

Susan S Morris
Pro Member
Posted
  • Real Estate Broker
  • Richmond, VA
  • Posts 20
  • Votes 12

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $167,000
Cash invested: $30,000
Sale price: $317,000

4 bed, 2.1 bath single family residence. Bought off market, invested $30K in rehab and sold 4 months later

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

Saw the potential for return

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

Off market through a friend and dealt directly with owner

How did you finance this deal?

Hard money

How did you add value to the deal?

We did all of the rehab ourselves

What was the outcome?

$120K return in 4 months

Post: Hi - new member from Richmond, VA

Susan S Morris
Pro Member
Posted
  • Real Estate Broker
  • Richmond, VA
  • Posts 20
  • Votes 12
Quote from @Andrew Syrios:

Welcome to BiggerPockets Susan and best of luck investing!


Thank you Julio!

Post: Airbnb - Kill Devil Hills, NC

Susan S Morris
Pro Member
Posted
  • Real Estate Broker
  • Richmond, VA
  • Posts 20
  • Votes 12

Investment Info:

Single-family residence buy & hold investment in Kill Devil Hills.

Purchase price: $325,000
Cash invested: $25,000

3 bed, 2 bath beach box. Approximately 1000 sqft

Post: Airbnb #3 - Nags Head, NC

Susan S Morris
Pro Member
Posted
  • Real Estate Broker
  • Richmond, VA
  • Posts 20
  • Votes 12

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $575,000
Cash invested: $10,000

1000 square feet - 3 bed, 2 bath beach box

Post: Hi - new member from Richmond, VA

Susan S Morris
Pro Member
Posted
  • Real Estate Broker
  • Richmond, VA
  • Posts 20
  • Votes 12

Thanks Andrew!

Post: Airbnb - Nags Head, NC

Susan S Morris
Pro Member
Posted
  • Real Estate Broker
  • Richmond, VA
  • Posts 20
  • Votes 12

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $325,000
Cash invested: $50,000

3 bed, 2 bath beach box. 980 square feet

Post: Airbnb - Kill Devil Hills, NC

Susan S Morris
Pro Member
Posted
  • Real Estate Broker
  • Richmond, VA
  • Posts 20
  • Votes 12

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $325,000
Cash invested: $25,000

3 bed, 2 bath beach box. Approximately 1000 sqft

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

We spend a lot of time at the beach and always wanted a beach house, but wanted someone else to pay the mortgage!

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

It was an on market listing that I negotiated with the listing agent.

How did you finance this deal?

Conventional financing

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

Jeff Scott, Scott Realty Team

Post: Hi - new member from Richmond, VA

Susan S Morris
Pro Member
Posted
  • Real Estate Broker
  • Richmond, VA
  • Posts 20
  • Votes 12

Hi! I am a real estate Broker in Richmond, Virginia and run my own boutique brokerage. I am also a Class A contractor and own 3 Airbnb properties in the Outer Banks of North Carolina, where I am also a licensed agent.