All Forum Posts by: Tanner Dahl

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Westfield.

Purchase price: $89,900
Cash invested: $25,000

First Investment (House Hack), Duplex that is now fully renovated and converted into a LTR!

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $89,900
Cash invested: $25,000

Total cash invested was from the down payment, closing costs, and DIY renovations. Now fully renovated and converted into a LTR!

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

Best way to get started!

How did you add value to the deal?

DIY: interior and exterior paint, vinyl plank flooring, refinish wood floors, attic conversion, and some framing.

Hey Brian,

A while back I came across a Residential Assisted Living investor in the Stonehaven area.

Not sure how of them she has, but the Stonehaven location is called "The Sanctuary at Stonehaven".

Seems like a very profitable niche and she may be worth reaching out to.

Shoot me a DM and I would be happy to share their info!

Hey Jason! I work with a wholesale brokerage here in Charlotte! Feel free to reach out.

@Pedro Garcia, your situation sounds like a perfect opportunity for a house hack! Purchase a 2-4 unit property with an owner occupied loan, (3.5%-5% down payment) and live in one of the units while renting the other units out. This should have the tenants paying most of or all of your mortgage! This should allow you to save more money, quicker, for your next investment property. Once you move out you should cashflow. Wholesaling or working in real estate is definitely a full-time commitment. Best of luck!

Try checking with a local credit union! They are usually helpful and easy to work with.

Look up Ryan Dossey on YT, BiggerPockets podcast. Cole Ruud-Johnson on Twitter, BP podcast. They provide a ton of information for free!

Hello BP Fam,

I have a couple questions pertaining to foreclosures and I hoping someone is able to clarify!

I am noticing properties on Auction.com (foreclosures) in my market that are not on my county tax auction list. Would this be an example of Mortgage Foreclosures vs County Property Tax Foreclosures?

Also, has anyone used Auction.com to purchased property? Is there an opportunity/window to still purchase the property from the home owner before the auction date?

Trying to better understand the foreclosure process and I am sure it varies per county/market.

Thanks!

Hey Matthew, sending you a DM!

Hey Tyler! I think it would be in pre-foreclosure if there is no attorney assigned. If an attorney is assigned to the property I believe the foreclosure process would be underway. Hopefully someone else can verify this. Either way there may be an opportunity to still purchase the property from the owner.

We get leads from this approach as well as driving for dollars, direct mail, cold calling/text county deeds and distressed property owners.