All Forum Posts by: Tristan Walton

Hello everyone,

I am currently looking for a cleaning company in Little Rock, AR. My wife and I are out of state and looking for a maid service that would also be our eyes and ears for the home. If anyone has any recommendations, that would be greatly appreciated!

Thank you!

Hi Jake! I’ve been researching into Tulsa as well. A realtor who knows how investors think is @Nate Sanow. He is quite knowledgeable and willing to talk to new people starting out. Hope this helps!

Thank you so much for the advice everyone. Yes we have a 6 month reserve for all operating expenses set aside for the property, but that does not give us enough to furnish the home once we have closed. We would be able to get some things, but then would have a somewhat empty home that probably won't be rented out since it doesn't have all the furnishings. It would be alot of work to keep it afloat without any income from the property.

Hello everyone,

My wife and I are looking to buy a STR and only have enough for a down payment, we were wondering if anyone knew of a way to get financing for the furnishings of the house. Is it possible to use a small business loan if we have an LLC or a personal loan that isn't crazy on interest so we can get started?

Thanks!

Investment Info:

Single-family residence buy & hold investment in Tucson.

Purchase price: $286,440
Cash invested: $11,000

Current residence with a VA loan and expecting to cashflow around $300-$400.

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

It was cheaper to buy than rent for the short time we were in Tucson. We originally wanted someone to pay down the mortgage to sell the home in the future. Didn't think too much about cash flow or appreciation. Wanted to use OPM to generate equity.

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

Found it with our realtor. Only negotiation was adding blinds to the home for free.

How did you finance this deal?

100% Financing only paying closing costs due to VA eligibility

How did you add value to the deal?

N/A

What was the outcome?

Currently on the market looking for tenants.

Lessons learned? Challenges?

Buying a new home is good and bad. Good because not much capex to worry about due to home warranty and age of appliances. Bad because often times builders are not willing to negotiate the price at all.

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

I worked with Anna Blue in Tucson. She was very professional and spent a large amount of time with us as we navigated the area.

Hello, My wife and I have invested in a property in Tucson, AZ with our first rental. We have loved the process and we would like to continue growing our investments in Tulsa, OK - as that is where we would like to eventually be. I lived in Bixby until I was 18, when I joined the Air Force and we plan on returning once my commitment is up. We want to work on our portfolio from a distance, and are interested in starting out with a Buy and Hold SFR. Later, transition to other strategies once we get more experience under our belt. If there is anyone that would be willing to connect we would love to talk!