All Forum Posts by: Jeff Poupore

@Ronald Rohde I am contributing cash and the skills for rehabbing the project

@Shafi Noss yes I believe at this price and fully rented it is under valued

@Logan Singleton It is one big building downtown. 18 residential units up top and 10 commercial units below. All fully rented already. Looking to put as low down as possible and willing to put up assets as collateral. Appraised value as ot sits im estimating 2.6M to 2.8M but will be rehabbing the units that leases are up and upping thst ARV. My partners and I are all licensed trades. I'm a GC, my partner is Master Electrician, and other is Master plumber so everything will be in house.

Hey guys I have an accepted offer on a 2.2M commercial and residential property in fond du lac Wisconsin.

Myself and 3 business partners need funding for the deal. We collectively hold over 3M in real estate assets already. We are looking for creative ways for financing other than the basic 20% down. Reach out if you can help thanks in advance!

Investment Info:

Single-family residence other investment.

Purchase price: $75,000
Cash invested: $10,000

This was my first investment property. I always wanted to gain rental property to aquire financial freedom and the ability to do things when i want and how I want with my family and get out of the w2 rat race but that takes a few dollars and knowledge so before learning creative strategies I did the live in flip strategy.

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

I really wanted to get out of the renting side of real estate and dive into something that I knew my money was paying off something of my own. I've always wanted to invest in real estate but i didn't know how. So buying a home to live in that was under market value and had potential to grow i took the leap as a live in flipper.

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

I was living in west bend and just looking for homes under 100k. I found this deal on an app called redfin. I talked to a real estate agent in the Fond Du Lac area and we went and checked it out.

How did you finance this deal?

I did a conventional loan at a 3% down payment for 30 year fix. and since this was my first home I got a $700 first time home buyer credit towards down payment through the bank I went with.

How did you add value to the deal?

cosmetic repairs. Fencing in the yard for privacy which everyone likes. Put a deck on a the flat roof which had a door to walk out on. Put french doors to close off the office den which then made this a bedroom.

What was the outcome?

I walked away with a check for $52k.

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

Yes. Tyler Beckman with Beckman Properties out of Appleton.