All Forum Posts by: Ty Voyles

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $255,000
Cash invested: $364,000
Sale price: $560,000

Semi-detached full gut renovation. Full MEP and finishes, with retention and restoration of as much original woodwork as possible. Excavation of basement in-law suite for an accessory dwelling unit.

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $500,000
Cash invested: $100,000
Sale price: $865,000

Full gut renovation of a DC row home. Complete reframing including joists, full MEP, and high end finishes. Basement in-law suite built with a front entrance added.

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $675,000
Cash invested: $250,000
Sale price: $1,525,000

Purchase and full gut renovation of a DC row home in a historically preserved neighborhood. Project included expansion of the homes footprint, replacing all internal framing and joists, full MEP replacement, and high end finishes. Property was built with an internally connected in-law suite.

Investment Info:

Office Space buy & hold investment.

Purchase price: $500,000
Cash invested: $300,000
Sale price: $850,000

Purchased a dual-zoned (commercial and residential) property. Fully gutted and renovated the space, then occupied it as office space for a residential real estate office. After six years of occupancy, we touched it up and then sold it as a single family residence.

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

We needed an office space for our real estate team that had an easy and multiple exit strategies. This property allowed for commercial use, then sale as a commercial or residential property.

Investment Info:

Condo fix & flip investment.

Purchase price: $273,000
Cash invested: $60,000
Sale price: $375,000

Purchased the property with a "subject to" agreement, did a cosmetic renovation, cleared outstanding condo dues, and resold the property.

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

This was our first "subject to" project. It was a quick fix and flip with solid ROI and really good cash on cash.

Investment Info:

Condo fix & flip investment.

Purchase price: $1,200,000
Cash invested: $220,000
Sale price: $1,561,000

Three unit, four level apartment building. Purchased and converted to condos. Sold two units to existing tenants and renovated the third unit for a market rate sale.

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

Loved creating homeownership for the two tenants in place who brought this deal to us. By structuring two below market rate purchases for them and renovating a vacant unit to achieve a market rate resale, we were able to find multiple wins for all stakeholders.

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

The tenants were friends of friends who didn't want the building sold out from under them. They reached out to us to see if there was a creative way to help them become homeowners instead of apartment movers.

How did you finance this deal?

We were able to stack a seller financed, zero interest note atop a small bank loan. The seller retained the ability to collect rent in lieu of charging any interest and accepted a 100% 12 month balloon note. The bank took a second position due to our deep business relationship with them.

How did you add value to the deal?

Creativity, financing, renovation, condo conversion.