I am.................A REAL ESTATE INVESTOR!!!

15 Replies

Hello:

I joined BP on June 25, 2017.  What a great find this community was.  It helped me learn so much and meet so many great people.

Well, I closed on my first investment property today.  I went under agreement on August 1, 2017.  We had a few hiccups but the sellers were great and we came away with a win-win.

I purchased a 4-unit apartment building here in South Florida.  All 4 units are 3/2's and the seller even raised the rent while we were under contract.

I found a great PM in the area and we worked well together during the AOS process.

I just want to thank everyone here and especially the crew in the Delray Coffee Club for all their help and support.

I am already shopping for my next deal and I won't be stopping there!

Thank you,

Bob

Nice @Bob Razler . How did you find the property and how did you finance it? Asking out of curiosity.

Hello @Jacob Kelley .  

I actually got lucky and found it on the MLS. I just happened to get my offer in quickly after their first offer fell through.

I have since moved to focus more on driving for dollars and have sent direct mail out to areas I have identified.

I did conventional financing.  25% down.

Bob

@Bob Razler This is awesome! Congratulations. Every massive portfolio starts with the first purchase. Keep building that empire...

Thanks @Jon Huber .  

You and the Delray group have been great.  I could not have done it without the team.  I am looking forward to the next meeting!

Bob

Awesome! Congrats! I am looking forward to hearing more about it.

Congrats Bob, that's awesome! Did the seller raise rents through property improvements, or simply increase them to market rate?

Hello @Michael Bishop .  

She just raised them to closer to market rents.  The 3 tenants have been there for 30, 20 and 16 yrs.

Bob

@Bob Razler

I could not make it; I spent my day in the hospital.

I'm pretty sure it was a great meeting.  

Originally posted by @Oscar Jacome :

@Bob Razler

I could not make it; I spent my day in the hospital.

I'm pretty sure it was a great meeting.  

Hello @Oscar Jacome 

I hope all is well!!!

Bob

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