All Forum Posts by: Cherry Norris

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $65,000

Foreclosure, Private Hard money lender.

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

Wanting Short term rentals to increase my retirement income.

How did you finance this deal?

Private hard money, no money down

How did you add value to the deal?

We are remolding the whole house, new roof , flooring, etc...

What was the outcome?

just started

Lessons learned? Challenges?

make sure you hold money back to get the owner out. It has taken 3 weeks after we close to get him out of the house. I I

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

I'm Real Estate agent.

PLEASE TELL ME MORE!I'm Interested!!!Can you direct me  in the right direction? 

I have found a property that I am very interested in.Its basicly 2 houses connected together by a laundry room.2 bedrooms 1 bath on each side. Asking $259K  in a very popular area excellent location . I want to Airbnb it. My son could purchase it as a first time home buyer and house hack the other side, but would rather look at other options as is really does want to live ther full time. 

I really appreciate you reaching  out to me , and giving us any insights

Thank you,

Thank you so much Nathan! I see you are new to Real Estate. I have been a realtor here in Florida for 5 years. It has been a great experience.Now my son has joined me as well. We are ready to start investing. HOpe you have great success with it .

Hi, I am a Realtor in the Tampa Bay area and surrounding counties. I worked with investors that have purchased large track of land to buy and hold. I also own a home that we just started Airbnb in the middle of October. Wow , It is awesome. The home is way out in the woods and I would have never thought that it would be booked, but Its is Rocking! Wanting to purchase more. The home I have now Is on property my family has owned since 1862. Lost of history there and we have played it up, with lots of old pictures but totally redone. 

My issue is the 25% down payment for the house. I cant use the house I own to get the money out of it. any suggestions.

also where can I find the 90 day challenge.

Thanks , I am looking so forward to joining up with this amazing group of investors