All Forum Posts by: Justin Fagala

Investment Info:

Single-family residence buy & hold investment in Fredericksburg.

Purchase price: $269,000
Cash invested: $6,200

Buy and hold

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

cash flow with minimal initial investment

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

Agent

How did you finance this deal?

Mortgage

What was the outcome?

Rented on the same date of purchase

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

Trisha McFadden - eXp Realty

Investment Info:

Single-family residence fix & flip investment in Colorado Springs.

Purchase price: $160,000
Cash invested: $5,000
Sale price: $190,000

contract assumption - quick flip

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

quick flip opportunity. Assumed contract from another investor and sold after minimal advertising

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

Local RE investor group

How did you finance this deal?

5k cash assumption

How did you add value to the deal?

practically nothing

Investment Info:

Single-family residence fix & flip investment in Colorado Springs.

Purchase price: $132,700
Cash invested: $16,500
Sale price: $162,500

Fix and flip

What was the outcome?

15k

Lessons learned? Challenges?

underestimated the cost of repairs and time required

Investment Info:

Single-family residence fix & flip investment in Colorado Springs.

Purchase price: $132,700
Cash invested: $16,500
Sale price: $162,500

short sale, Fix and flip

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

short sale

How did you finance this deal?

partner

How did you add value to the deal?

new windows, landscaping, kitchen flooring, appliances, paint, drywall repair,

Investment Info:

Single-family residence buy & hold investment in Colorado Springs.

Purchase price: $160,000
Cash invested: $2,000
Sale price: $210,000

- Undervalued new build
- 2 year rent to own buyer (10k down, ~$300 a month cashflow)

Investment Info:

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

Purchase price: $60,000
Cash invested: $2,500

Two unit rental

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

Cash flowing 2 unit property that covered 15 year mortgage

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

Private seller

How did you finance this deal?

Traditional 15 year

How did you add value to the deal?

0 money down
recently rehabbed property
7500 equity

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

N/A

Investment Info:

Single-family residence buy & hold investment in Colorado Springs.

Purchase price: $212,000
Cash invested: $7,500

REO, House hack, Value add

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

ARV of $265k. Minimum rehab costs.

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

MLS listed REO

How did you finance this deal?

Traditional financing

How did you add value to the deal?

paint, carpet cleaning, new appliances, wood floor, re-tiled master bath, burst water pipe, and basement ceiling repair ($7,500)

What was the outcome?

50-55k immediate equity.
Rent from several roommates.

Transitioned to full rental in 2006

Lessons learned? Challenges?

Never let the city turn on the water without being there ... thankfully, we got there relatively soon afterward avoiding any significant damage