All Forum Posts by: Cassidy Burns

@David Cherkowsky reach back out to us, we can help you make these decisions! 

Hey Ken, yes, total net profit is $25,000.

Closing costs, holding costs, closing costs .  We do not factor in capital gains tax in our final net profit projection 

Hope that helps!  

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $55,000

Fix and Flip Purchase. Lead was brought to us through Facebook sphere. $25,000 rehab budget, will have on the market in less than 45 days

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

100% Financing on acquit ion + construction. Will have cosmetic rehab complete in less than 45 days

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

Facebook Sphere

How did you finance this deal?

Hard Money Lender 100% LTC

How did you add value to the deal?

Bought under assessed value, slight value add through cosmetic rehab (paint, light fixtures, flooring)

What was the outcome?

Projected Profit: $25,000.

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

Cassidy Burns and BPG Residential

📢 Reminder: BPG's Investor MeetUp is in two days! ⏳

🗓 December 18
🕕 6 - 8 PM
💻 Virtual via Zoom

Topic: Multifamily Syndications
Host: Cassidy Burns
Guest Speaker: Isaac Weinberger, Cost Segregation Expert

What You’ll Learn:
- Multifamily syndication insights
- Successful investment strategies

🚀 Don’t miss this opportunity to elevate your investment game!

👉 Register now: https://zoom.us/meeting/register/tJYlde-tqD0rH9NFYUoqIbQjVG2thFvo2X_I

Welcome @Sean L.! 

I'd recommend starting to attend meet ups and networking with individuals. Face to face interactions is how you will build lasting relationships! 

Hi, I would highly recommend reaching out to @Michael H. Cook , he's an expert on the mountain. 

He's also written a few great articles on it. 

Welcome to BP! We host an investor meet up in Alexandria, VA every month with lots of great networking!

Hope to see you there. 

📢 You're Invited! Join us for our BPG December Investor MeetUp!

🗓 Date: December 18
🕕 Time: 6 - 8 PM
💻 Location: Virtual via Zoom

This Month's Topic: Multifamily Syndications
Host: Cassidy Burns
Guest Speaker: Isaac Weinberger, a Cost Segregation Expert known for helping clients save millions in taxes.

What You’ll Learn: ✨
- Key insights into multifamily syndications
- Strategies for successful property investments

Don’t miss this chance to elevate your investment game! 🚀

👉 Register to join: https://zoom.us/meeting/register/tJYlde-tqD0rH9NFYUoqIbQjVG2thFvo2X_I

#BPGInvestorMeetup #RealEstateInvesting #MultifamilySyndications #IsaacWeinberger #CassidyBurns #ZoomEvent #InvestSmart

⏳ 1 Day to Go! Join BPG's Investor Meet-Up! 🏢

🗓️ Wednesday, Nov 20
⏰ 6:00 - 8:00 PM
📍 Port City Brewing Company, 3950 Wheeler Ave, Alexandria, VA 22304

Topic: Multifamily Investing
Host: Cassidy Burns
Speaker: Felipe Ernst, founder of Ernst Equities

What to Expect:
- Connect with fellow investors
- Gain insights on multifamily investing

We hope to see you there! 🎉

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $110,000

Single Family Flip. Just purchased for $110,000. Construction Budget of $123,000. ARV: $305,000
Was able to obtain 100% acquisition and 100% construction financing at 11.5% interest. Should be complete with construction in 45 days.

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

Property brought to me off of Facebook. Obtained 100% acquisition and construction financing.

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

Facebook Lead. Made offer and closed within 14 days .

How did you finance this deal?

Hard Money. 100% Acquisition and 100% Construction Financing. 11.5% interest.

How did you add value to the deal?

$123,000 Construction Budget. Floors, paint, electrical upgrade, plumbing upgrade, new kitchen, renovate 1.5 bathrooms, paint exterior of house

What was the outcome?

Putting on market in new year 2025

Lessons learned? Challenges?

TBD

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

Cassidy Burns - BPG Residential