All Forum Posts by: Calvin Mathews

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $105,000
Cash invested: $43,000
Sale price: $215,000

Helped a young lady in a tight spot who desperately needed to move. Talked it down from the original $120k purchase to $105k and had the work done in 3.5 weeks, but had to wait almost 2 months for a broken cabinet door.

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

Passion for real estate and seeing my design touches come to life

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

Another agent in the office brought it to me

How did you finance this deal?

Hard money

How did you add value to the deal?

Granite countertops, new windows, and a fresh new look to the neighborhood

What was the outcome?

Sold for above ask within 2 weeks of being on market

Lessons learned? Challenges?

Vet workers better

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

Yes, Avalon Capital for hard money.

Best of luck and much success to you brother. May all your dreams be fulfilled this year and in years to come.

Hey how’s it going BP family! I’ve been a member of BP for some time now, and I’m always on here reading comments and threads from others. I’ve been swamped for the past few years with my military lifestyle, but I’m not letting it hold me back anymore. From deployment and now flight school I’ve been constantly away from my hometown (which is my comfort zone) for the last 3 years. Even though I’m Guard and once I graduate from flight school I’ll go back home to my regular life of being an agent I really want to get my investments rolling. Wholesaling seems convenient and I’ve dabbled in it a bit, and I have a few friends home that are consistently killing it wholesaling. I want more though, because I’m in flight school I honestly don’t have time to answer phones and respond to emails much. How can I acquire rentals without risking much of my own money or time? How would I go about contacting someone interested in doing private money so that I could do a fix and flip with the assistance of a trusted family member/partner to monitor the projects (I can make trips home on the weekends to check progress)? Any help and strategies would be greatly appreciated. I’m still young and I have a wife and kids, and I really want to get started building a legacy for them. Thanks in advance!