All Forum Posts by: Lance Price

Investment Info:

Single-family residence other investment.

Purchase price: $169,000

Build to rent, this my 3 one to build to rent.

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

This is the only way I can see someone with my skill set and limited cash can build a real estate portfolio and get out of the rat race.

How did you finance this deal?

I used a CD to secure the construction loan , then I built the home and rent the a home, and take it out the construction loan with a DSCR Loan. This allows me to release my CD to start the next home. I end up with 100% financing on the deal when I am done.

How did you add value to the deal?

Value was added by building the home.

What was the outcome?

I have a home with 60K of equity and a monthly cash flow of 100 per month.

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

no

Investment Info:

Single-family residence other investment.

Purchase price: $138,000

Build to rent

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

Build to rent let me create cash flow. With no money down and create $60,000 of equity from day one.

How did you finance this deal?

Started with a construction to perm loan with a bank. The I refinanced to a DSRC loan.

How did you add value to the deal?

By building the home

Lessons learned? Challenges?

The faster I can take out the construction loan from the bank the faster I can build cash flow

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

No