All Forum Posts by: Carl Dieckmann

I'm a realtor and investor in Lago Vista TX. This is a growing area, and there is a strong demand for multi-family housing. This is based on quick occupancy rates for multifamily housing and rentals when they are available. Demand is increased by the lack of locally zoned multifamily  land available for development. A builder I have recently started working with is planning on using some multifamily land to build several 4-plexes and selling them to investors. I have suggested fencing the community, putting in an office, and creating an office complex. I am welcome to suggestions and thoughts on calculating values and differences to steer this in one direction or the other. Thanks

Investment Info:

Single-family residence buy & hold investment in Henderson.

Purchase price: $113,000
Cash invested: $22,600
Sale price: $199,000

Single family buy and hold in Henderson (Las Vegas) Nv

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

I had invested in the past, and felt the market was down

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

It was a buyers market, and it turns out, the market was the bottom

How did you finance this deal?

Conventional loan

How did you add value to the deal?

nothing

What was the outcome?

Good rental with great appreciation

Lessons learned? Challenges?

This was the only property ever I have had to take to court. Keep your records, they came in handy!

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

Sergio Montegrande was my agent in Las Vegas; he is a hard worker and knows how to get a deal done.

Investment Info:

Other fix & flip investment in Lago Vista.

Purchase price: $5,900
Cash invested: $5,900
Sale price: $9,000

flipped a tax foreclosed lot for a profit.