All Forum Posts by: Tony Robinson

@Tony Robinson Tony this is amazing! Shreveport/Bossier City is where I've been thinking about doing my first investment property. Thank you for your providing extensive detailed information!!! And like you I'm a bit familiar with Shv/BSC as I lived there many years ago. I'm looking to invest on area of zip code 71112. What are you thoughts of that area? I'm personally grateful for all this information as I see this as a playbook for me to follow. Thank you so much!!!

Hey Tony, I think I felt all your anxiety while I read the play by play of your entire deal! I am in the process of searching for my first BRRR. It's scary and exciting at the same time given this difficult time our country is going through. One thing is for sure: Human beings will always need a place to live in and tradesmen and women need to remain employed! Congrats on this deal and all your future accomplishments. Looking forward to posting my first project completion. Cheers!

With that large of an ARV why not sell and use that cash to buy more properties. That's a huge profit on one house, seems like you got a huge head start to build your portfolio.

@Tony Robinson Thanks for sharing your experience.  Looks like a great deal that will give you great momentum into the next deal. The rehab looks great as well! I have a few questions for you:

Did you get your GC(s) to give an estimate of the project before you make an offer or was this estimate done by you and 
your agent?

Did you get the bank to give you their ARV on the house before you made the offer as well?

What extra checks did the bank make you go through in order to fund 100% of purchase and rehab? That seems very rare in my limited experience.  But also very exciting that you were able to utilize this funding.

Thanks again for sharing!

Congrats, what an amazing BRRRRRavo!!!

@Tony Robinson looks awesome. Mind sharing what that 55k rehab consisted of? Seems a bit steep for the paint, flooring, bathroom and kitchen work I can see from the pictures.

@Tony Robinson this is such an incredible story. Thanks for sharing! How hard was it to invest out of state? I am living in NYC and have and find it too expensive to invest locally.

@Tony Robinson incredible story man, much respect. In terms of the financing, did you have a pretty high credit score to be able to get that kind of funding deal?

@Justin Siebert can you tell your own experience?

Great story,  I'm from NJ and been looking heavily in investing out of state.. so is that $1300 including the payment back to the bank for the purchase and rehab? and are you going to do a cash out refi to get the money and do it all over again??