All Forum Posts by: Ken Holifield

For $750/mo, this already looks great!  Don't overdo it.  You would be better off using that money toward acquiring another property.  Good luck!

You need to be cognizant of cold text regulations as well.  I know there are some platforms out there that walk a fine line, but claim to be compliant.  I used one for al little while, but honestly I felt it was overpriced for what I was getting.  Good luck!

P.S. I'm in Jax too, let me know if you need anything or just want to connect.

It feels like your post came right out of my head because I went through the same exact thing.  This is very difficult for those of you reading that may not understand.  I struggled for a long time (and still do a little) with this, as my first instinct when I find a deal is always, "how can I keep this one".    

Honestly for me, I moved away from wholesaling and just built a wholesale friendly brokerage instead.  So this way, I still get to do a little wholesaling but I also work with other amazing wholesalers (that are better than me) and I still get to look at a lot of deals, while also still making money helping other investors buy and sell properties.  

It's extremely difficult to completely shift your mind away from this way of thinking.  It's like expecting a wild animal to not act so wild.

I know I didn't tell you what you wanted to hear but I at least wanted to respond and validate your concerns.  I'm in Jay too, let me know if you want to chat.  Good luck!

Hello and welcome to both of you!  If you’re looking to learn, you’ve definitely come to the right place.  There are a ton of knowledgeable folks on here as well as an abundance of information.  Please reach out if I can help or if you have any specific questions.  Otherwise, continue the educational journey until you’re feeling comfortable enough to pull the trigger on something.

Welcome Venus!  I’m in Jax as well.  I’ll shoot you a pm to connect.  Take care!

Are you working with a property management company or trying to do this yourself from afar? Sounds like you need a good PM company to help you.  I’m in the Jax market, reach out if you would like me to take a closer look at your listings to see if we can identify the problem.  Good luck!

It's on the Southside, in the Riverside area.

San Antonio 

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $125,000
Cash invested: $25,000

Purchased a triplex, renovated it, rented it, refinanced it. Cash flow positive

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $139,000
Cash invested: $15,000

Buy and hold rental.

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

Cash flow

How did you finance this deal?

Seller financing

How did you add value to the deal?

Minor rehab

What was the outcome?

Successful buy and hold with monthly cash flow