All Forum Posts by: Terrance Hill

Hi Jason,

The management piece on this type of product is the challenge. I own a multi-family unit near Mid-Town  and had some challenges early on with tenants but in the last 2 years I have adjusted my process with each room being rented on average 8 months per person; along with only marginal changes for utilities and fixed internet and cable cost no matter how much they use those services.

With rents rising at the pace they are now and consistent low inventory this will be more of an option for qualified renters in the future. 

Real estate investing has always been on of those things the more you know, the better you can navigate.  Given this last 15 months plus with sky rocketing material cost, increase in labor cost, more expensive acquisition prices, etc; getting some real time insight from on the ground investors, builders, contractors, flippers, developers is some value I hope to add to the community as a whole. 

Check out my first interview and I am always open to answer any questions. Investor Insight Series

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $50,000
Cash invested: $50,000

3/2 new tenant, paying $750.00 per month. Current value 75K

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

Off market deal

How did you finance this deal?

Cash

How did you add value to the deal?

Paint & carpet, new a/c and placed tenant on 36 month lease

What was the outcome?

ARV is 75K to 80K as of 7-25-2019

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

Team located property, sourced tenant, contractors

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $50,000
Cash invested: $50,000

3/2 new tenant, paying $750.00 per month. Current value 75K

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

Off market deal

How did you finance this deal?

Cash

How did you add value to the deal?

Paint & carpet, new a/c and placed tenant on 36 month lease

What was the outcome?

ARV is 75K to 80K as of 7-25-2019

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

Team located property, sourced tenant, contractors

Investment home professionally managed with tenants in place.

Tenants pay their own utilities

Great off the market deal that is rented to long-term tenants. 

Message me for more details. 

Home professionally managed and with long-term tenant. 

Seller just installed a new roof on home and tenant pays $750.00 per month.

Each property is rented and has consistent paying tenants. Each property is a 3 bedroom 2Ba. Once has a garage as well.  Both located in B type areas that are highly sought after by investment firms that buy and flip.

One rent for $875.00 and the other rents for $950.00. 

Separately, each property is for sale at $80,000.00 as a package 150K for both. 

Contact me for more details and pictures.  

This investment has one tenant in place and another one set to move in this month. 

Tenant is current on with no late payments.

Solid cash flow, low maintenance and currently shopping it off Market. 

Contact me for more details and insight.

This property is off the market and seller is motivated to free up some cash to invest elsewhere. 

One unit is vacant and is in move in ready condition for a tenant. Both units are professionally managed.