All Forum Posts by: Travis Hill

I am acrive duty and still invest out of state. It takes a team, lots of communication, and trust. I buy and hold, flipped, and conducted private money lending all long distance. @Doug Spence recommend a great book. I Second his comment.  

@Andre Lewis way to go! I started a meetup in my area eight months ago. It has been tough for sure. As mentioned above I did all those things. Some months a dozen showed up and last month one showed up. Be diligent and positive.  

hello @Jack Weatherly I am active duty and invest out of state in Milwaukee. I would love to connect and see how we might assist each other.

keep it up devil dog! What is your plan  moving forward?

Def reach out to @Remington Lyman he is a solid due and a a real estate hustler. You will expedite your growth with his team. 

@Joe Young I have a good friend doing the same thing you are and thinking the same thing. His name is James Lascara. He is local to you in Tampa. Solid dude, hustles, and knows the market super well. 

hello @Reed Meyer I would reach out to Robin Gevaart with CMG Property Group or Tyler Hart at Heart and Home Realty.

@Harrison Jones I have been investing OOS for the past five years. I read the David Greene book, I networked my butt off. I interviewed agents, contractors, brokers, and property managers. I used BP and other sources to find the right questions and I asked others ahead of me. I then took ACTION. I leverage google drive for contracts, pics, and videos. I want to add value to those around me and work together to build success. The money will always follow. Lastly, I want to be a good steward of the property and tenant. 

Investment Info:

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

Purchase price: $105,000
Cash invested: $185,000

We found this property offmarket from an amazing agent I still work with. We put a lot of effort into making this property people are proud to live in. I would like to thank Robin and her team at GMG Properties for making it happen.

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

I am looking to grow my portfolio from SFR to MF

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

It was found off market with the agent.

How did you finance this deal?

I used private money for the PP and rehab.

How did you add value to the deal?

We did an $85k rehab on the unit

What was the outcome?

It is being rented for $1495/side.

Lessons learned? Challenges?

When we bought it in January, Fannie/Freddie allowed for six month seasoning before refi. 1 April it went to a year. That doesn't allow us to BRRRR the property. We will continue to focus on underwriting with the one year hold time in place with the next one.

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

Robing Gevarrt at GMG Properties, Anita at CMG Mortgage, and JJ Jung at Prism Title. Smart Asset Realty for property management.

Come and network with other investors, real esate agents, and brokers that invest locally and abroad.