All Forum Posts by: Christopher Soos

@Ehsan Rishat

Hey thanks man, looking forward to many more!

@Sean Lunny

Thanks for the positive feedback! Looking forward to getting into real estate full time!

@Cassi Justiz

Thank you so much for you insight and knowledge. Yes I am in the oil boom and was looking in the Midland/Odessa area. I want to get into real estate and figured since I would be working here then I should be looking here. I have since changed gears though (once again) and I am looking back into the North Carolina area. I think that I have found a few good deals on multi family homes in Greenville NC. They all have current tenants, they are affordable for me being a beginner, and Zillow values them for more than they are listed for. Are you familiar with or know of anyone familiar with that area of expertise?

Thank you again for the info and have a great day!

Any knowledgeable info will be greatly appreciated!

I'm out of state for my W2 and I just found what I think to be a good deal on a BRRR. This will be my first non live-in investment property so I am very weary, as any beginner would be I suppose.

2 unit each with 3bd 2.5ba and long term tenants. Property looks nice and well taken care of in the photos. Asking price 152k, Zillow values around 190k.

As a first timer, what more information should I request? What would make it worth leaving my W2 at the drop of the dime to fly there and check it out? Thanks for reading!

Hi to all, thanks for taking time to look at this. I am a welder currently working in West Texas and since I am going to be here a while making decent money ( about 3k a week) and have some cushion money set aside (about 20k) I want to invest in real estate in the area. I have great credit and currently do not own a home so getting a loan will not be an issue. I am looking into flipping new construction. Any help, leads, info or input would be much appreciated. Thanks in advance!

Investment Info:

Single-family residence fix & flip investment in Matthews.

Purchase price: $125,000
Cash invested: $5,000
Sale price: $152,000

Purchased as a foreclosure after the crash. Lived in it for some years and did minimal work to it. Could have made more but that is how hindsight works.

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

I knew it was worth more even without updating.

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

I was working with an agent and he was given the listing before it went online.

How did you finance this deal?

Traditional loan

How did you add value to the deal?

Added appliances, removed wallpaper, painted, some yard work.

What was the outcome?

My neighbor randomly made me an offer and I accepted. I profited around 36k

Lessons learned? Challenges?

I learned that I should have done more updating and set a higher selling price as this house is now valued around 250k.