All Forum Posts by: Heath Shepard

Investment Info:

Single-family residence buy & hold investment in Boerne.

Purchase price: $300,000
Cash invested: $300,000
Sale price: $400,000

This was my first property and decided to sell it get access to its equity.

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

It was a good deal.

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

It was brought to me by a friend and property manager.

How did you finance this deal?

I paid Cash for it.

How did you add value to the deal?

I just maintained it, managed it myself and then sold it to the tenant.

What was the outcome?

I sold it directly to the tenant and didn't have to pay any commissions.

Lessons learned? Challenges?

Refinancing to get your cash out after paying cash for the property wasn't worth it. I tried to get some cash out but it ended up being very expensive and wasn't able to get very much cash out.

 Thanks for the information.  Its a brand new construction duplex in Lihigh Acres.  its managed by Panther Properties and built by the same.

Hey everyone! I'm looking tonbuy a duplex outside Fort Myers FL that I came accross using RP Capital. Has anyone used them before? What are you impressions?

What should I know about buying in FL?

It's pretty inland and is made of cinderblocks. What construction items should I be in the lookout for due to hurricanes?

What do I need to know?

Thanks,

Hey everyone! I'm looking tonbuy a duplex outside Fort Myers FL that I came accross using RP Capital. Has anyone used them before? What are you impressions?

What should I know about buying in FL?

It's pretty inland and is made of cinderblocks. What construction items should I be in the lookout for due to hurricanes?

What do I need to know?

Thanks,

Investment Info:

Single-family residence buy & hold investment in Boerne.

Purchase price: $325,000
Cash invested: $66,000

I used to live in this property while doing cosmetic updates. I am now renting it out.

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

Location, worst house in great neighborhood, great schools.

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

MLS.

How did you finance this deal?

30 year fha.

How did you add value to the deal?

Cosmetic updates.

What was the outcome?

This city has seen tremendous growth and appreciation and this house is not the exception.

Lessons learned? Challenges?

Getting a 30 fha, living in it, fixing it up, renting it out works!

I'm interested! 

Hey everyone! I am on the presopose of hiring on my first licenced agent and am curious how you all have structured these relationships. I really need him to help with CMA's, Showings, managing my data base, marketing and more. How do you pay or structure an arrangement like this? I welcome your input.

Thanks, 

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $750,000
Cash invested: $750,000

I purchased this 11 acres to build a "dream house" on but through different circumstances have decided to to fix up the little house on it and rent it out. I don't know what i will do with the remaining land but it has appreciated upwards of 20% since i've had it with no end in sight so i will continue to hold onto it until I figure out what to do with it.

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

Centrally located in the path of progress in between two extremally high growth cities.

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

MLS.

How did you finance this deal?

Cash

How did you add value to the deal?

Cleaned up the land. There is a small SFD that is undergoing a light renovation to rent it out.

Great feedback @Huy Lam!  Thank you.  I will absolutely do that. 

Thank you Rob for pointing this out.  This will be a coaching opportunity for my team.