All Forum Posts by: Robert Jones
Robert Jones has started 3 posts and replied 8 times.
Post: How to keep buying property
- Rental Property Investor
- Florida
- Posts 8
- Votes 1
Quote from @Robert Jones:
Quote from @Robert Jones:
Quote from @Robert Jones:
Quote from @Jen Khan:
@Robert Jones what did you end up doing for continuing to buy? Came across this thread while searching this question myself.
Post: How to keep buying property
- Rental Property Investor
- Florida
- Posts 8
- Votes 1
Quote from @Robert Jones:
Quote from @Robert Jones:
Quote from @Jen Khan:
@Robert Jones what did you end up doing for continuing to buy? Came across this thread while searching this question myself.
Post: How to keep buying property
- Rental Property Investor
- Florida
- Posts 8
- Votes 1
Quote from @Robert Jones:
Quote from @Jen Khan:
@Robert Jones what did you end up doing for continuing to buy? Came across this thread while searching this question myself.
Post: How to keep buying property
- Rental Property Investor
- Florida
- Posts 8
- Votes 1
Quote from @Jen Khan:
@Robert Jones what did you end up doing for continuing to buy? Came across this thread while searching this question myself.
Post: West Bradenton house
- Rental Property Investor
- Florida
- Posts 8
- Votes 1
Investment Info:
Single-family residence buy & hold investment in Bradenton.
Purchase price: $250,000
Cash invested: $7,000
3 bed/2 bath single family home, upgraded stainless steel appliances, granite countertops, hardwood laminate flooring throughout, updated bathrooms,
What made you interested in investing in this type of deal?
Originally purchased as primary residence for school district and rehabbed to rent.
How did you find this deal and how did you negotiate it?
For sale buy owner before listed driving around an area I wanted to buy in. We negotiated and everyone was happy. I knew the area and new the market was coming back, bought turnkey early, did a few upgrades while we lived in it and now rent makes cash flow
How did you finance this deal?
Bank loan
How did you add value to the deal?
40k in equity
What was the outcome?
Positive cash flow
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Just me and the seller
Post: How to keep buying property
- Rental Property Investor
- Florida
- Posts 8
- Votes 1
One of the properties I own has about 50k in equity. Thinking of possibly doing a heloc for down payment on another one. Pros n Cons...
Post: How to keep buying property
- Rental Property Investor
- Florida
- Posts 8
- Votes 1
I've purchased my second Investment property purchase and currently getting it ready to rent. I've come across the problem where my DTI is too high to purchase more.
Post: First Investment Property
- Rental Property Investor
- Florida
- Posts 8
- Votes 1
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $82,000
Cash invested: $10,000
3 bed 1 bath on 2 acres in great area, close to town, great school district.
What made you interested in investing in this type of deal?
Sounded like a smart idea to buy a house to live in while the Army was paying for it and rented two rooms out to Army buddies while living in it...
How did you find this deal and how did you negotiate it?
Knew what I wanted, searched until I found it and made sure it was in a good area, close to town and good school district.
How did you finance this deal?
Conventional 30yr fixed
How did you add value to the deal?
Bought with equity
What was the outcome?
Valuable equity available in home purchase
Lessons learned? Challenges?
How to manage tenants