All Forum Posts by: Keenon Trevor

Thank you Doug McLeod I will look more into if the units are being rented under market. I have taken a walk threw all the units already I would say they do not need to be rehabbed but if i did a bit to update it a bit it would absolutely increase the value of the homes. Basics like carpet and some new paint would indeed help but they are currently in good living condition. I will also try to slow myself down a bit I must say i am very eager so i will be cautious to not let that blind me. 

   Always hunting for the next great deal I across what i believe to be a GREAT buy. New to this but wanting to get into property for a long time I think its time to take the next step. 

  What I have found is a package deal on 3 separate house. Now I know this sounds like a lot and I'm always cautions of biting off more than I can chew but I think this is perfect for me. The 3 houses are located directly next to each other 222,224,226 and are being sold as a package deal. 222 and 226 are single family houses currently being rented at $800.00 Plus the cost of utilities . 224 is a double unit that is also currently rented at $400.00 plus the cost of utilities. All 3 structures where built in the early to mid 1900s but have such been renovated. New hot water heaters, new furnace, new boilers, and all of the roofs have been redone in the past 7 to 10 years. A single owner is selling all the houses in a package for a asking price of $100,000. I think this is a fair price to begin with but I think I can close the deal for a less. Im still in the process to find the motive behind why the buyer is selling along with how flexible he really is. 

   It seems that every chance I take to make a move on a great deal seems to crumble around me when it comes to the bank. My lack of experience seems to be my killer every time I try they seem to say come back when you have experience with RENTAL property. Ive considered buying a duplex and living in one side to possibly get myself in the door but this opportunity came up before I've had the chance and I refuse to let yet ANOTHER great deal in my eyes pass by again. I have been looking into possibly taking a hard money loan and a year down the road possibly take a long term mortgage out on the property to increase the the cash flow that actually makes it to me. 

   So that is just a bit of what i have been working with. Thank for reading let me know what you think. Also I know when I made my first post it told me that I'm not allowed to post some things and if i have done so please someone let me know so I can remove it or try again or find out if i have to increase my membership to talk about this. 

Hello, my name is Keenon A. Trevor I am a young strongly driven person looking for new and creative ways to become part of the exciting and expanding real-estate world. I currently own 2 pawn shops located in up state New York. The name of my shops are called Hot Swaps and we have been operating for about 4 years in the first location and a exciting 3 months in our new location. I have always bee very interested in getting into buying, renting, or selling property but seem to have trouble every time I find that deal someone would kill for. At this point I am expanding my mind and knowledge and hoping to learn new avenues on how to INVEST!! Also in my travels hoping to open larger opportunities in my life and build new relationships with all the great and knowledgable people in this world. Please my brain is like a sponge at this point so any valuable information or insight I can receive is always welcomed. Thank you for taking a few second to read a few minor details about me and thank you for any help you could possibly offer in helping me expand my mind and my reach to open any and all new opportunity.

Please keep a look out for me I will be posting hoping to hear from all of you out there !!!