All Forum Posts by: Kody Louchart

Investment Info:

Single-family residence buy & hold investment in Nevada.

Purchase price: $225,000
Cash invested: $50,000
Sale price: $500,000

Rental with income of $2750/mo
Sold Feb 2024

What was the outcome?

Made $225,000

 Thats absolutely on the table. I hate that with no mortgage i also have no write offs essentially on my current property and am not expanding my portfolio much right now.  i figure leveraging some of that equity (450k or so in total equity in that property) as well as financing the other deals with a good down payment will alow me to scale and have the tax breaks at the same time.  WIth the slow market in our area its a great time to get some deals on properties. 

I have sold off most of my properties but still have one long term rental that is paid off and brings in 2550/mo. I am wanting to build back up but there is a lack of multifamily units in my area so it will likey be SFH. Would you Refi the existing property to use that cash to buy more or find a DSCR loan. I do have Enough for a 20-40% DP on 2 properties currently. Been investing in other long term business ventures as well outside of real estate.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $225,000
Cash invested: $20,000

Single Family Rental Property

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

Continuing to build my rental portfolio

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

I am a Realtor