All Forum Posts by: Kristin King

Hi there @Christian Leon, have you contacted the folks at myinvestorloan.com? They might look at a deal like this, otherwise you need to reach out to your network and JV with a PML to bring the down payment and be in 2nd position, OR, carry a note against that other investment property as collateral. Please reach out if you want to chat more about this! We might be able to help with funds for EM as well if you need it.

Hi @William Luke Laity!  You're on the right track and this is a great place to ask for assistance!  We have an AMAZING wholesale contract including addendums that do a couple of very important things:  

1. It provides explicit instructions to the title company for disbursement of funds and assignment fee.

2. It clearly defines the disposition of Earnest Money during the contract period.

This is important because it protects you from losing the EMD. This is not some internet-created form document, but a legitimate, bulletproof series of contracts written by a Real Estate attorney. In addition, we often help wholesalers from time to time by providing funds for EMD if needed.

Feel free to reach out and we can discuss further.

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $130,000
Cash invested: $70,000

Currently: We are working in a new market that we are excited to grow in! We have had a few hiccups along the way with an old fireplace that prevented us from opening up the kitchen/dining wall to create a big open space, and so we've had some design changes out of the gate, but still moving ahead. We are enjoying our first investment in this market and looking for the next!

Hi all!  My husband and I are investors who live in Colorado, and are looking at investment opportunities in OKC metro.  We will be in OKC next week and are looking to connect with a reliable and trustworthy contractor, or two.  Does anyone have a name and number they could send over?  You can private message me as well.  Thanks so much!  

Love the before and after pics @Ryan Saulle! Did you get a referral for your contractor from BP to complete rehab?  Nice work! 

@Cam Jimmy - this is awesome! Congrats on your first BRRRR. The before and after pics are really powerful, so thanks for sharing. Good lucky finding a renter - although, looks to be a great rental so hopefully you'll find one fast!

Your story is inspiring and we look forward to implementing the BRRRR strategy into our business in the coming months.

Thanks for sharing and good lucky with the new baby. 

Awesome post @Henri Meli!  There's so much to take away from this article and commercial deals have some awesome perks! 

Congrats @Axel Ragnarsson!  This is very inspiring and the accelerated rate in which you are growing you RE portfolio is super motivating.  

My husband and I are currently in a position where we're looking for private financing to fund a downpayment on a commercial deal. We have a lender that we have worked with a few times lined up and ready to go quickly (at 75% LTV). If you have contacts that would look at funding the downpayment in Colorado please let me know.

Thanks in advance and best of luck to you! 

Goal setting is exciting! I know that since we've started setting goals it has been a game changer for our family. 

Unfortunately, I'm ashamed to admit that our goals specific to real estate took a back seat for a while...until now. Our last commercial deal closed 2 years ago through a 1031 exchange (this is a great cash flowing property and the tenant has been there for 14 years and already signed a new 5 year lease with us).  

As far as we're concerned, taking a 2 year break from rei is unacceptable. 

I have been on a mission the last few weeks to get back on the RE train, to learn as much as possible from BP and to implement what I learn from the podcasts, forums and audiobooks to get back to an investor mindset and stay open for finding the next deal.  This has to happen fast too - we're adding a second little person to the family in March and my goal is to do one deal before baby!  

Then like magic two days ago I randomly came across an amazing commercial deal down the road from the commercial property we purchased 2 years ago. Our commercial lender replied today and is eager to work with us again, and we will make an offer hopefully in the next 24 hours. 

To back track a bit, last night my husband and I created our real estate resume. Seeing it typed out made what we have done in the last 6 or 7 years seem way more impressive then I was giving us credit for! With that said, I am going to stop focusing on the fact that our last deal occurred 2 years ago, and start focusing on the home runs that we've had, the learning process, and the investments in our future. By changing my focus I know I attracted this new deal. 

It's like one day investing seemed so far from from our reality and the next this deal hit me smack in the face! Real estate is awesome like that. :) 

We'll continue with 2019 goals and be more specific with regards to REI and after what the last couple days have proved to me, nothing can stop us once we set our mind to it.

Thanks for posing the question @Matthew Perry! 

Kristin 

Hi Greg, 

Congrats on your first investment!  You have some sounds tips in here on finding a good tenant quickly, which obviously worked in your favor to get a solid tenant in 3 weeks time. 

Thanks for sharing lessons learned and good luck on your next project! 

Kristin