All Forum Posts by: Victoria Yu

The property was purchased in an LLC with four other parties. Half of it was vacant and in need of repair. We utilized for speed / flexibility with a 5/20 structure. Refinanced for long term rate security and to pull cash out for future investments.

Investment Info:

Large multi-family (5+ units) commercial investment investment.

Purchase price: $15,000,000
Cash invested: $50,000

Minority partner in two unique 150 unit apartment deals in Houston.

Investment Info:

Single-family residence private money loan investment in Charlotte.

Purchase price: $650,000
Cash invested: $75,000
Sale price: $1,020,000

High end flip loan with Kevin Brown and Rory Cummins.

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $180,000
Cash invested: $36,000
Sale price: $260,000

Three successful flips netting $50 K + with Rory Cummins. Utilized HELOC for financing.

Investment Info:

Single-family residence buy & hold investment in Winston Salem.

Purchase price: $280,000
Cash invested: $25,000

Own 50% of three homes in Winston Salem.

Investment Info:

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

Purchase price: $145,000
Cash invested: $45,000

Property was in material disrepair and utilized William Orozco / New View Realty to manage repairs to HVAC, electric, kitchen, etc.

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

Purchased off MLS with Kevin Brown as realtor.

How did you finance this deal?

Commercial loan and recently refinanced and pulled cash out via conventional.

Investment Info:

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

Purchase price: $265,000
Cash invested: $100,000

Duplex in Wesley Heights neighborhood.

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

Located on gold line / walking distance to uptown.

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

MLS with Rory Cummins as realtor.

How did you finance this deal?

Commercial loan with Peoples Bank. Recently refinanced conventionally with cash pulled out.

Investment Info:

Single-family residence buy & hold investment in Charlotte.

Purchase price: $142,000
Cash invested: $28,000

SFR in Montclaire within 200 feet of Archdale lightrail stop. Recently appraised for $218 K.

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

Actively targeted rentals on the light rail.

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

Purchased off MLS with Rory Cummins as agent.

How did you finance this deal?

Commercial loan through Peoples Bank. Recently refinanced with conventional and pulled cash out.

How did you add value to the deal?

Based on cash flow.

What was the outcome?

long term hold.

Investment Info:

Other commercial investment investment in Charlotte.

Purchase price: $485,000
Cash invested: $100,000

The property is 1.36 acres in the North Davidson (NoDa) neighborhood and is zoned for 28 townhomes. The current tenant is a childcare provider operating out of 4,000 square feet on a 5-year lease.

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

I was very interested in entering the childcare industry at the time so the opportunity to purchase an already existing business including the land that was zoned for 28 townhomes was too good a deal to pass up.

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

I researched local childcare centers and sent letters to the owner(s)/director(s) for the centers I was interested in purchasing. I included my personal contact information and asked the owner(s)/director(s) to contact me if he or she was interested in speaking with me directly on the business purchase opportunity.

How did you finance this deal?

SBA 504 converted to commercial

How did you add value to the deal?

Completed $30 K worth of renovations. Deal was acquired off market for $485 M and the land appraised for $860 M back in May of 2018. Commercial real estate broker believes that it is worth closer to $1 MM.

What was the outcome?

Property has been leased to a third party day care operator.

Lessons learned? Challenges?

Running a business without being present with partners is very challenging, especially in a highly regulated environment. HR is a head ache with $12 an hour employees in a strong economic environment.

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

Scott Fuller and Jay Snover with Legacy Commercial Real Estate were extremely helpful in getting the property leased.