All Forum Posts by: Jason Coleman

Hey everyone!

Join us NEXT TUESDAY for our November AmpliFI meetup- "End of Year Tax Planning Basics"

Date: Tuesday, November 7th 6:30-8pm

Location: 1208 Oakland Ave, Greensboro, NC 27403

Learn how your money is taxed and which steps to take to ensure that you're ready to file in April!

November Topics:

• What is a progressive tax?
• How is your tax liability determined?
• What is your effective tax rate?
• How can you reduce your personal tax burden?
• Tax strategies for 1099 and self employed individuals
• "Can I write this off?" deductions 101

Don't forget to RSVP through the link below:

https://www.eventbrite.com/e/736467884267?aff=oddtdtcreator

We can't wait to see you there!

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $98,000
Cash invested: $90,000

The "Smoke House" Best BRRRR we've done. We intentionally left cash into the deal after we refinanced because of the current interest rate environment. We were able to find a private lender who let us borrow 100k @ 7% interest for the next 3 years. Once rates settle (if ever haha), we will refi and pull out the rest. We found a lender recently who will give HELOC's on investment properties, it's not a bad thing to leave some cash in the deal. House appraised for 280k!!! We made 100k in one deal.

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

Off Market with Instant Equity

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

A realtor I know had a family member pass away who lived in this house. He did not want to deal with an emotional sale. Just wanted to get it off his plate asap.

How did you finance this deal?

Private money @12% interest only for 12 months. Refinanced in 4 months.

How did you add value to the deal?

Full gut Job. The only thing that is NOT new in this property is the water heater. New roof, added an HVAC ducted system, New floor, removed walls, new kitchen, new bathrooms, kilz, cleaned, and painted top to bottom.

What was the outcome?

Over 100k of tax free equity.

Lessons learned? Challenges?

Get a better scope of work from my kitchen and bath guy. The final balance came in 10k OVER where we expected. #notcomplaining.

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

I am a real estate agent. Investor first and foremost. I'm hunting for deals daily and offloading whatever doesn't fit into our portfolio.

Hey everyone!

Join us for this month's AmpliFI meetup- "End of Year Tax Planning Basics"

Date: Tuesday, November 7th 6:30-8pm

Location: 1208 Oakland Ave, Greensboro, NC 27403

Learn how your money is taxed and which steps to take to ensure that you're ready to file in April!

November Topics:

• What is a progressive tax?
• How is your tax liability determined?
• What is your effective tax rate?
• How can you reduce your personal tax burden?
• Tax strategies for 1099 and self employed individuals
• "Can I write this off?" deductions 101

Don't forget to RSVP through the link below:

https://www.eventbrite.com/e/736467884267?aff=oddtdtcreator

We can't wait to see you there!

Hey everyone,

Join us for this month’s Greensboro Pints & Properties! Come out and learn something new while enjoying beer and networking!

Free and open to the public!

WHEN: Wednesday, October 25th, 6-8pm

LOCATION: Pig Pounder Brewery- 1107 Grecade St, Greensboro, NC 27408

GUEST SPEAKER: Steve Rozenberg

TOPIC: Running Your Business on Autopilot

See you there!

Absolutely! Free to attend for anyone interested in learning about investing, financial literacy, real estate. Bring it on and bring a friend : ) 

Hey everyone!

Join us for this month's AmpliFI meetup- "Seller Financing"

Date: Tuesday, October 3rd 6:30-8pm

Location: 1208 Oakland Ave, Greensboro, NC 27403

Learn how to leverage seller financing as a tool to combat high interest rates!

Topics:

• What are the different ways to fund the purchase of property?
• Benefits of seller financing for both parties
• How to propose seller financing
• Case study

We can't wait to see you there!

Hey everyone,

Join us for this month’s Greensboro Pints & Properties! Come out and learn something new while enjoying beer and networking!

Free and open to the public!

WHEN: Wednesday, September 27th, 6-8pm

LOCATION: Pig Pounder Brewery- 1107 Grecade St, Greensboro, NC 27408

GUEST SPEAKER: Mitch Miller

TOPIC: How to Buy a Small Business

See you there!

Hey everyone,

Join us for this month’s Greensboro Pints & Properties! Come out and learn something new while enjoying beer and networking!

Free and open to the public!

WHEN: Wednesday, August 30th, 6-8pm

LOCATION: Pig Pounder Brewery- 1107 Grecade St, Greensboro, NC 27408

GUEST SPEAKER: JoAnna Anderson- Remnant Real Estate Solutions

TOPIC: Creative Financing

See you there!

Hi Andres!

I co-host a local event in Greensboro, NC for real estate agents, investors, newbies, etc. It's once a month (the last Wednesday of each month from 6-8pm) at Pig Pounder Brewery. We have different speakers each month. It's a GREAT networking opportunity! The next event is Wednesday, August 30th from 6-8pm. I also post information about each upcoming event in the forums section...so look out for it soon!

Hope to see you there!

Hey everyone!

Join us for this month's AmpliFI meetup- "Q&A- Financial Independence...What is YOUR game plan?"

Date: Tuesday, August 1st: 6:30-8pm

Location: 1208 Oakland Ave, Greensboro, NC 27403

Group discussion and Q&A to get down and dirty with your financial independence plan.

Bring us your questions!

Topics to include:

• What is your FI number?
• What is your Why?
• What are your specific obstacles or roadblocks keeping you from achieving your financial goals?
• Cost of living (the big 3): housing, transportation, food
• Needs vs Wants
• Actionable steps to improve your finances
• Maximize the W2: Salary, asking for a raise, company benefits

We can't wait to see you there!