Our Newest Book! Plus, What's YOUR Best Real Estate Deal Ever?

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Profit like the Pros is available now!

With twenty-five real-world stories from seasoned investors across the country, this book uncovers the secrets behind unbelievable real estate deals, from sourcing and funding to profiting. Author @Ken Corsini —star of HGTV’s Flip or Flop Atlanta—has distilled his best investor interviews to educate, entertain, and get your wheels spinning.

So we want to know: What’s YOUR best real estate deal ever? How did you find it, fund it, and what did you learn?

If you're still on the hunt for your best deal, get the book to find inspiration, education, and bring your investing to the next level!

One of my favorite deals: 

  • Got deal from the son of a person who had done a reverse mortgage
  • He saw a bandit sign for one of our other homes 
  • We....

  • Shortsaled a Reverse Mortgage
  • Wholesaled the shortsale to a retail buyer 
  • Retail Buyer paid me a small sum monthly due to difference of sale price and his obtained mortgage. 
  • Retail Buyer sold house back to me (2 years later) 
  • Via a wrap around mortgage
  • No money to seller out of our pocket
  • Giving seller part of his equity through his ability to write off mortgage interest & tax write offs
  • Reduced my purchase price by small amount he still owed me for price difference
  • Remaining purchase price will be balance of mortgage at time of payoff 
  • Did a small rehab, as seller had put new roof; gutters, fence, french doors, landscaping, drywalled garage, new electric, led lights and switches throughout
  • I lease optioned the property - 1st time. $15,000 down; $1700 rent
  • Nice monthly cashflow 
  • That tenant buyer lasted approx 18 months. 
  • People had to walk away 15,000 become non-refundable.  
  • They left the home, rent ready. 
  • Put less than $200 in a fix the tenant buyer reimbursed me for.  
  • Tenant Buyer left new stove and dishwasher 
  • Lease optioned again - within 2 weeks. Another $15,000 down; increased rent to $1750
  • Nicer monthly cashflow
  • 2nd tenant buyer has been in house since 2018. 
  • Current Tenant Buyer has submitted LOI for purchase
  • When tenant buyer purchases -- home run in the spread of my payoff to seller and their payoff to me
  • Seller was able to obtain a second mortgage while carrying this mortgage. 

Win-Win-Win for all - the only way we do business!  If everyone in the deal is not winning, it isnt a deal in our book. 


Awesome book! 

My best deal ever so far has been a BRRRR'n'b (yes you read that right). I BRRRR'd a property that I then rented on Airbnb. At the end of it I have a property that I have no money left in and will cash flow $1,000/month on an annual average taking seasonality into account!

Just finished listening to Ken Corsini's Podcast, where they told us about this new book coming out/came out! I'm excited to get mine on the mail soon! I can already see the GOLD! Thank you in advance!

We purchased a townhome right after college using a FHA loan. It was a pre-foreclosure and were able to buy it for $150k. It appraised for $165k at the time. We put about $10k of work into it. We house hacked it out for a year with us and another roommate. Then we moved out and turned into a long-term rental that cashflows a little over $300 a month.

It certainly was not the most profit I have ever made on a property, but it was the easiest and highest percentage profit I have ever made... A couple of years ago an executive home fell into my lap in which the homeowner had been jerked around by a wholesaler for several months and needed to close within 10 days. I made a cash offer and expected about a $100k profit. Contracts signed and while the attorney was running the title another buyer contacted me and offered me $105,000 more than I had it under contract so I assigned my contract and made $105k in less than 10 days with zero work and only EM out of pocket.

@Kaylee Pratt bought a hoarder house for 20k with the intention to clean it out then evaluate some cosmetic repairs before renting it. It had good bones, had a new furnace, and a good layout. After cleaning it out and realizing it was in fairly good condition, put it up for both rent and rent to own. An out of state investor contacted us and offered to buy it for 85k. After all expenses, paying lender, etc, cleared about 60k on this unintentional wholetail. Total ownership time under 2 months. Back story on the acquisition... the seller was very flaky. He seemed like a PITA so the 20k offer was just from an exterior inspection and severely low balling him because he kept forgetting about the appointment for me to see inside the house. Never met the guy in person. I'm sure that other investors got tired of dealing with him so my perseverance paid off.

Bought a half duplex with the intention of house hacking from the basement suite. The upstairs cashflows almost 200 per month, and the basement is looking to be leased out making the property cashflow over 1000 per month.

My current 2-family Brooklyn home:

Bought it in June 2004 for 500k and started house hacking from day 1. Previous owners needed a place to stay while their new home was getting finished so they rented the second apartment. 

I lived in the duplex apartment with the garden, and I had a roommate.

The top floor apartment rented with LTR until 2011.

Then I started doing Airbnb in 2010. First in my duplex (I moved to my roommate's bedroom since he moved out) and I gave my bedroom with its own living room to guests. That cash flow 3k a month. 

The second apartment tenant moved out in 2011 and I started Airbnb.

With just those two listings I was grossing 100k a year. In 2019 it was 130k. 

Now I'm selling the home for 1.8 million.

I have invested about 250-300k in the property through the years.

The best deal so far but let's talk next year after I 1031 the capital gain.

Originally posted by @Evelyn Badia :

My current 2-family Brooklyn home:

Bought it in June 2004 for 500k and started house hacking from day 1. Previous owners needed a place to stay while their new home was getting finished so they rented the second apartment. 

I lived in the duplex apartment with the garden, and I had a roommate.

The top floor apartment rented with LTR until 2011.

Then I started doing Airbnb in 2010. First in my duplex (I moved to my roommate's bedroom since he moved out) and I gave my bedroom with its own living room to guests. That cash flow 3k a month. 

The second apartment tenant moved out in 2011 and I started Airbnb.

With just those two listings I was grossing 100k a year. In 2019 it was 130k. 

Now I'm selling the home for 1.8 million.

I have invested about 250-300k in the property through the years.

The best deal so far but let's talk next year after I 1031 the capital gain.

Evelyn, that's an amazing deal!  My firm has a 1031 arm if you're looking for a QI.


 

My best deal is still in progress but I purchased a duplex for 236k which has a third level that was a good size (~800 sq ft) and finished but in really rough shape when I purchased it. Like no one had lived there in probably 30+ years bad. The rest of the house wasn't too great either. Ended up doing a full gut rehab for kitchen and bathroom in both of the existing units and painted all the rest of the units, refinished cabinets in pantry, new light fixtures and other small cosmetics. Also converted a spare room into a bedroom on the second floor unit. 

After finishing that I rented out the bottom unit for $1425/month, and am renting a room on the second floor where I live for $550 + split utilities to a friend. Just off the first two units I am close to living for free with all expenses considered - PITI is now ~$1520 after my refinance. Once the 3rd floor is finished I will either furnish it and make it a short term rental or move up there with my friend and rent out the second floor. The second floor rental value for a 3 bed should be ~$1600. If I did short term rental upstairs I could probably get 2k/month but would have higher vacancy, turnover/furnishing costs, and have to cover more on utilities since they'd be included in the rent. Either way I should be cash flowing $1200-1500/month on top of living here for free, so this deal is an absolute cash cow.

My best deal was purchasing a Freddie Mac REO 4 unit + garage apartment building and small storage building 22 to 24 units, depending on how one counts it for $131k.

It was trashed, rented to druggies who recycled everything they could.  Rehabbed the 4 apartments.  The garage was a workshop garage, huge, with a kitchen and bathroom and armory.  

Based on talking to potential renters, the main thing most wanted was laundry facilities as the small town has one laundromat and its filthy.  The upstairs apartments had W/D hook ups, so I added the washer and dryers, and increased the rent by $50 to cover that.  The downstairs apartments do not have hook ups and no good place to put them.  So I was going to convert the garage into a 2 bedroom apartment.  Instead I will (later, not done yet) convert the garage into a one bedroom apartment.  I split off a portion of the garage to make a laundry room for the 3 downstairs apartments.  I put it regular washer and dryer, no extra charge, just higher rent.

Without adding the 5th apartment yet, the county did their 5 year assessment.  The apartment building and storage is now assessed at $280k.   

Sweat equity, hard work, and some $ got a $150k increase in value. And that will only go up when I make the remainder of the garage into an apartment.

My best deal ever happened this year. Anytime I meet someone new I try to bring up real estate investing in the hopes of stumbling on a deal. 

I was buying a desk off craigslist and ended up talking to the seller (who I found out was a financial advisor) for a couple of hours about investing in general. He told me he has an aging book of clients who are sometimes looking to unload real estate. 

A couple of months later he called me with a 5 house portfolio in Northern Colorado. I got a deep, deep discount by making the seller's life easy. I told her I would take everything as it is, no contingencies, I'll deal with the tenants, any repairs, close with cash (hard money in reality).

I bought the portfolio for about $1m after going back and fourth with the seller for almost 6 months! I had instant equity of about 600k. Thus far I have 1031 exchanged 1 of the houses into a mobile home park and flipped another one. I still have the other three and will be refinancing out of the hard money this month. What this portfolio is now is about $4,000/mo cash flow from the trailer park, $3,200/mo cash flow from the 3 houses and about $140,000 cash from the flip. 

Moral of the story is to tell everyone who will listen that you're a buyer for real estate. If you find a killer deal, finding money is the easy part.

As a disclaimer, I did put some additional cash up for the trailer park. It wasn't purely funded by the one house that I traded into it. 

Originally posted by @Evelyn Badia :
Originally posted by @Ashlie Greising:

@Evelyn Badia That is one heck of a deal. Thanks for sharing.😊

Thank you.. I'll probably do a podcast on how $10k became 1.8 million... Because the story started with buying a 50k co-op apartment

 

bought  4 acres of un buidable lot in Rohnert Park CA  ( Sonoma county)  it would not perc  Sonoma county is notorious for tough septic rules.

that was mid 90s maybe 96 ish 97 ish..  paid 27k for it  paid the tax's at 350 a year until last Jan.. were we sold it to a developer for 1.9 million.  I have to say i had a little forethought on this one.. it was on a lane off of a major freeway ( 101) with a home depot anchored shopping center one block away..

But the real deal was the Graton tribe bought the 230 acres across from us in a land assemblage took 15 years wrangling with the state and ended up building the largest Casino in Northern Ca right across the street from us  :)  and the City brought us into the city limits and up zoned us..  So  not a bad 27k investment.. We toyed with trying to make money with it over the years like storage or something like that but we just get too busy doing our day jobs..  But that was a good one..  I have a few other path of progress plays going now BUT MUCH MUCH bigger .. in the way of acreage and dollar returns. If not for me then my grandkids will really dig their long departed grand dad  :)

 

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