All Forum Posts by: Roland Charles

How do I co brand the reports that I create as a premium member? I was informed that I can execute this task yet no one at biggerpockets have responded to assist.

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Memphis.

Purchase price: $75,000

This was a 4 plex that was rehabbed mostly with State funds

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

It was a multi family

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

I bought from an investor who was looking to liquidate

How did you finance this deal?

Creative financing. Seller held mortgage

How did you add value to the deal?

I rehabbed the property, raised the rents, and found good tenants

What was the outcome?

Years of successful rentals

Lessons learned? Challenges?

inspect properties that you're buying

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

no

Investment Info:

Single-family residence buy & hold investment in Memphis.

Purchase price: $40,000
Cash invested: $1,000

This property required a great deal of rehab and I was able to get it to where you see here

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

The location and the price. It was my first deal

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

A wholesaler found the deal

How did you finance this deal?

Hard Money loan

How did you add value to the deal?

I rehabbed the property

What was the outcome?

I managed the property for several years.

Lessons learned? Challenges?

I learned many lessons! the first lesson is to buy in the right area. I was too early in the area but it was ascending. However, the property vandalized

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

Yes, but it was so long ago that they may not be in the industry