All Forum Posts by: Robert Burns
Robert Burns has started 4 posts and replied 7 times.
Post: Cash Flow positive and Will Bring Rents to Market
- Posts 7
- Votes 22
Quote from @Scott Trench:
Awesome to see @Robert Burns! Can you let us know where this deal was located and what the cash flow is after you bring it to market rents?
Also, where did you meet @Min Zhang and @Chris Wharton - did you connect with them here on BiggerPockets?
Yes I met Min here and after a few conversations and many emails we decided to do some business. He introduced me to Chris. Both are fantastic at what they do!
Post: Cash Flow positive and Will Bring Rents to Market
- Posts 7
- Votes 22
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $425,000
Cash invested: $130,000
Contributors:
Min Zhang
Min was awesome for a remote investor
How did you find this deal and how did you negotiate it?
Min found it and his team helped me form mine!
How did you finance this deal?
First Ohio, trad 30-year fix
How did you add value to the deal?
Put 30% down to flow positive immediately
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Chris Wharton at First Ohio is fantastic to work with and made sure the deal closed on time
Post: Looking to grow portfolio with first multi-family
- Posts 7
- Votes 22
What list is this?
Post: Looking to grow portfolio with first multi-family
- Posts 7
- Votes 22
Most interested in Cash-flow. I think willing to pay for more modern updates/construction so that out of state maintenance is minimal.
Post: Looking to grow portfolio with first multi-family
- Posts 7
- Votes 22
I'm super curious in adding a multi-family home to my portfolio. I am thinking Austin TX might be a good place to start due to the state's tax incentives and the recent decline in prices. Thoughts? Any other preferred cities?
Investment Info:
Condo buy & hold investment.
Purchase price: $1,360,000
Cash invested: $500,000
1BR 1BA with outdoor patio and water views in Manhattan's beloved West Village
What made you interested in investing in this type of deal?
Blue Chip Apartment
How did you finance this deal?
Primary residence 10-year ARM
How did you add value to the deal?
Remodeled Kitchen and Bathroom, updated AC
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Mark Jovanovic at Compass
Investment Info:
Condo buy & hold investment.
Purchase price: $1,360,000
Cash invested: $500,000
What made you interested in investing in this type of deal?
Blue Chip Apartment
How did you finance this deal?
Primary residence 10-year ARM
How did you add value to the deal?
Remodeled Kitchen and Bathroom, updated AC
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Mark Jovanovic at Compass