All Forum Posts by: William Craft

 So great! Idk why I didn’t get notifications about these responses. I am looking for venues now. 

Hi All, 

I am looking to start a Real Estate meet up in my town of Punta Gorda, FL. I am a Real Estate investor with one long term rental looking to network and build long term friendships with like minded individuals on the same path. These meet ups with have guest speakers and share Market Updates / trends that will impact your Real Estate Investing strategy. 

If you are interested in joining this meet up in the near future, please reply to this post and I will get connect with you. :) 

Hi Randy. I appreciate your encouragement. I have 3 lenders I already have applications with. This was funny to me because it is random lenders calling me trying to get their piece of the deal. I am one of the people not answering his phone. I have 25 missed calls in the last hour and a half. It is like a GIANT WAVE of spam calls whenever you start an application with one lender. lol  

Hope this gives you a little chuckle to start your Monday. All these missed calls are within the last 30 minutes from lenders. I just got contract accepted and started shopping rates on Friday. lol 

Did you every get this? 

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $224,000
Cash invested: $12,000

We purchased this home brand new as a personal residence back in 2020. I was searching for a rental investment for months this year, and nothing cash flowed well enough to pull the trigger. I asked the "Lazy Investor" Dion McNeeley for advice on what to do, and he said, "have you looked at your current home?". Just a few months later our home is now the first of many investment properties!

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

The cash flow and the opportunity for wealth building.

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

We purchased it brand new off the MLS in 2020 during the peak of the pandemic. We got a really great deal on it because there weren't a lot of homes selling at the time.

How did you finance this deal?

FHA loan.

How did you add value to the deal?

no added value was needed.

What was the outcome?

$600+ of cashflow per month.

@Theresa Harris thank you.

@Mike Hern that is a very good point that it is a condition of closing to have it anyways. Thank you for the advise.

@Greg Kasmer thank you for the advise! I can go over the numbers with him as he was open to writing them down. I appreciate the help.