All Forum Posts by: Saun-jay S. McIntosh

@Morgan Tondre great thanks will do!

I have doing joint ventures and it works great. I would like to get connected with more private lenders in different target area preferably Huston Texas 

Investment Info:

Townhouse fix & flip investment.

Purchase price: $270,000
Cash invested: $62,000
Sale price: $380,000

I Purchased this property at the peak of the market where everything was over priced and houses were moving fast , by the time I got done rehabbing this property buyers were watching the fed and interest rates so this flip was sitting for 2 plus months until I found a buyer. This was an experience for me because I started my Real Estate Investment buying and flipping houses within 1 month from close to rehab so to have a house sitting on and holding cost for the house was a pain for me.

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

I was interested in this deal because it was in the same community I live and have recently sold my primary home and got it for way below market.

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

I found this deal by watching it when it was one the mls and waited until It fell off the mls . I know it would fail on mls because it was a mess and they were trying to get close to market , so I pounced at the right time and got it in the bag.

How did you finance this deal?

this deal I financed with 20% of my own cash and private money for the remaining 80% LTV

How did you add value to the deal?

complete renovation , kitchen , flooring , bathrooms , landscaping , painting and a luxurious accent wall and accessories throughout the house

What was the outcome?

got it under contract for sale

Lessons learned? Challenges?

my lesson learned was getting out of my comfort zone and cope with change quickly

Can someone recommend a tool in which we can create a statistical analysis on a property?

@Jake Drappi looks like your making good moves, lake worth , Greenacres have yielded good multi family opportunities for me.

@Jason Wray thanks for reaching out.

Yea I do , I have a townhouse that is currently rented out and I thought about that but the problem is it wouldn't just be my decision to get the HELOC.

I’ve just started a project and low on behold , here comes another project with great margins that I do not want to pass up, however majority of my capital is tied up in my current deal. Does anyone know how I could get the initial 20% to secure remaining 80% / 100% rehab hard money . To be able to jump at this deal . I can fund origination and initial money and rehab cost.

Any advice , direction , will be greatly appreciated.

This info is great 

@Annie R. I agree as well , solid points

@Adriana Vergara invest all day , I was in similar situation and I invested and slowly chiseled at the debt until my real estate investing start turning and I paid it off.

So my strategy was more of a faith move and planning and not really much calculation like literally 90/10

Hope this helps