All Forum Posts by: Thomas Carter

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $113,000
Cash invested: $8,000

LTR single-family home. I learned a lot from my first home purchase at 25 and have been making advancing my income and scope of projects ever since.

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

I had to move to NYC for a job and was found it smarter to rent the home out then sell it.

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

It was a short-sell that I negotiated with the bank in 2008.

How did you finance this deal?

This was a first-time home buyer FHA loan.

How did you add value to the deal?

I removed a poorly executed addition and made the home more accessible to a young family.

What was the outcome?

Over 150% growth in equity and cashout refi for another investment venture while the rent pays the mortgage.

Lessons learned? Challenges?

I learned about what makes properties pop and how to add value with low-cost additions.

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

This was 14 years ago in Greenwood, IN but Mobley was his last name. Great resource.

Hey Guys, I recently joined Host Camp during BlackFriday, 2022. I have some LTR experience with $70K to invest in STR and wanted to shorten the learning curve. I have worked at LinkedIn and Gartner and have seen many shapes and sizes of paid mentorship programs. This one genuinely is one of the better offerings I have experienced to date. 

The content is timely and transparent while coaches are accessible. Rob went over his personal financial performance from his Airbnb properties for example. On that same call, he shared data behind the difference between 2021,2022 and provided guidance on expectations for 2023. Short Answer, you can still make a strong cash-on-cash return in 2023.

Will I see a good ROI on my investment? I strongly believe so and will report back here in 6 months with some data.  

Tom