All Forum Posts by: Kendrick Done

Investment Info:

Single-family residence other investment in Shreveport.

Sale price: $205,000

Available now is an incredible opportunity: a 3-bedroom, 1.5-bath, 1,823 sq ft rental property that's ready to keep delivering value! I’m looking to close by the end of 2025, making this the perfect time to secure a proven investment.

All appliances are included, so it’s truly move-in—or rent-out—ready from day one. Whether you’re expanding your portfolio or stepping into real estate for the first time, this property is a smart, hassle-free choice you can feel great about.

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

This property holds a special place in my journey—it was originally my personal home before I transitioned it into a successful rental. Now, as I move forward to build a larger multi-family investment, I’m offering this fantastic opportunity to the next owner. Whether you're just starting your real estate journey or you're a seasoned investor looking to expand your portfolio, this property is perfect

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

I originally purchased this property using my VA loan, with the guidance of a trusted realtor through Realtor.com. From the very beginning, it was a carefully chosen investment backed by professional support. This strong foundation adds even more confidence that you're stepping into a smart, reliable opportunity—perfect for building your rental portfolio with peace of mind!

How did you finance this deal?

This property was purchased using a $0 down VA loan.

How did you add value to the deal?

The recently renovated property (within 5 years) had had major updates to the appliances, flooring, paint, roof and other minor details to help it stand out in the market against comps.

Investment Info:

Single-family residence other investment.

Currently for sale.
3Bed 1.5Bath 1823 sqft, Rent ready
Looking to sell by the end of November 2023

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

This deal was aquired when trying to please my ex wife. Now it's to be sold and equity put towards building multifamily properties in Texas.

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

I found this deal via realtor.com and had an excellent realtor to negotiate solid terms.

How did you finance this deal?

I financed this property using a VA loan

How did you add value to the deal?

Paying contractors to make minor repairs, and the market appreciating over the past year.

What was the outcome?

I managed to purchase the home with no money out of pocket apart for EMD, and walked away with 1200 at closing. In a year the market value made this home go from 175k in value to 237k and is selling for 230k

Lessons learned? Challenges?

Never purchase a property to please a spouse. My original plan was to purchase a quads in Texas using my VA loan, but didn't stick with my gut instinct and missed out on great deals.

Hey brother. First (if you haven't done so yet) I'd suggest deciding on a timeline in which you'd like to accomplish this by. That info would help decide which strategy would work best for you.

Networking is definitely a great way to gain access, but there are also great tools out there for similar results such as Propstream. (Disclaimer: I'm not affiliated with them, but use them along with similar software in my business.)

I'm creating this post for Texas investors new and old to post what they would need to take their business to the next level so that I (and others) could better understand the needs in this state and value we could bring one another.

So tell me: Who are you, how long have you been investing, and what do you need to take your business to the next level?

I'm wanting to use a VA loan for the construction of a quadruplex to use 3 of the 4 units as rentals for college kids in my market and/or short term rentals. I found a contractor with experience in multi family new construction, however I'm needing blueprints in order to get an accurate estimate required for the loan. In my research, I've learned that sites exist that offer reasonably priced blueprints (under $5k).

Does anyone have any recommendations for blueprint sites and/or architects that offer plans in that price range?