All Forum Posts by: Angie Jones

@Donivan Flowers yeppers

@Nick Dunin lake o the pines is a good airbnb area, my brother on law has one there

@Randall E Collins my hometown is athens, my parents grew up in Malakoff

@Anna Catron We in

Angie & Kelly Jones

Gilmer, Tx

@Alicia Marks read Rich Wife by Kim Kiyosaki you will love it & ther is a section in it about spouses.

hello Noah, just joined BP recently, hubs and i are in Gilmer, north of Longview and Tyler.  Just finished rehabbing our fishing cabin on Lake Bob Sandlin east of Pittsburg.  Hoping to do an equity loan and buying another.  Son , Ty Ottaberry is also on BP and is way ahead of the curve than us.  Still chewing on Rich Dad Poor Dad, and finished Rich Woman....well maybe TMI but good to meet ya on the shout out.

Angie Jones

@ericgoldman , unfortunately we only recieved $120k broker estimate appraisal. We were hoping for more. but can maybe use that equity to get another airbnb and remodel it, hubs does all the woodworking.

We have someone going out tomorrow to assess, will get back with you

that is beautiful! hope you have great experience with this.

Investment Info:

Single-family residence other investment.

Purchase price: $20,000
Cash invested: $30,000

11/3/21 putting the final touches to AIRBNB this cabin. 100% EQUITY! We are sticking our toes in to try for an equity loan for a 7 door multifamily in a city nearby.

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

Family member has 2 Airbnb's, we had recently bought this bank foreclosure for $20,000 as a fishing cabin for hubs. Son, Ty Ottaberry, has been on Bigger Pockets for a cpl of years and is doing well in his endeavors, so we decided to dip in.

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

Bank foreclosure , not much negotiating with it.

How did you finance this deal?

cash.

How did you add value to the deal?

Extensive rehab inside and out.

What was the outcome?

Finding we could Airbnb for fishing tournaments. And make income from that.

Lessons learned? Challenges?

Rehabbing is expensive, especially when hubs has expensive taste.

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

none yet.