All Forum Posts by: Tyler Casey

Investment Info:

Office Space commercial investment investment in Pittsburg.

Purchase price: $305,000
Cash invested: $40,000

Four Unit Office Building. We operate out of the corner unit.

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

Great Location Right on Broadway. I needed office space following a partnership dissolution. This building looked like it could make the perfect office hack. It is a four unit building. When I purchased it there were two occupied units and one in need of renovations. My tenants are now a CrossFit Gym, a retail store and a hair salon. It is great not having a lease payment every month.

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

It was on the market. I represented myself as my buyers agent. I was able to negotiate with the seller to carry a 2nd mortgage of 10% of the purchase price.

How did you finance this deal?

80% bank loan, 10% owner carry 2nd and 10% Cash.

How did you add value to the deal?

I negotiated the owner carry and managed the renovations to make the building fully rentable.

What was the outcome?

A free office space from which to operate my businesses.

Investment Info:

Single-family residence buy & hold investment in Pittsburg.

Purchase price: $18,000
Cash invested: $30,000

BRRR Cash Out Refinance. Appraised for $52,000 was able to cash out more than $10,000. Rent is $575/month Payment is $365.

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

Off Market Call In Negotiated Directly with Seller.

How did you finance this deal?

I used Cash to purchase and renovate the property then cash out refinanced.

Investment Info:

Single-family residence buy & hold investment in Pittsburg.

Purchase price: $18,000
Cash invested: $35,000

Paid $18,000 Cash and renovated for $17,000. Appraised for $48,000. Is rented for $525/month.

Investment Info:

Single-family residence buy & hold investment in Baxter Springs.

Purchase price: $8,500
Cash invested: $38,500

Purchased as a foreclosure and renovated with construction line of credit. Total investment of $38,500. Cash out refinance to permanent loan with a loan amount of $47,000. Rent exceeds monthly payment by $300.

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

Watched my grandfather have a successful retirement with real estate investment. He used cash which was a luxury I didn't have. I had to make a way through sweat equity early on.

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

Foreclosure.

How did you finance this deal?

Construction Line of Credit and Refinance.

How did you add value to the deal?

I was my own buyers agent and managed the rehab project.