All Forum Posts by: Shelby (Osborne) Johnson

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $40,000
Cash invested: $15,000

BRRR - Foreclosure purchased at $40k, rehab cost roughly $15k, ARV was $80k. Currently rents for $850. Gotta love foreclosures!

How did you finance this deal?

Private money

Investment Info:

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

Purchase price: $250,000
Cash invested: $14,000

Quadplex purchased with my VA loan (again). Great neighborhood, lots of space for increasing rents.

How did you finance this deal?

VA loan, 0% down!

Investment Info:

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

Purchase price: $75,000

Cash invested: $23,750

First intentional Real Estate Investment purchase. Duplex listed at $90,000, purchased using conventional financing for $75,000. Solid cash flow, very easy rental.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $158,000
Cash invested: $2,000

Condo purchased with my VA loan as a primary residence before I knew real estate investing was a thing, now it cash flows moderately and has increased in value by $70k over the past 5 years.

How did you finance this deal?

VA loan, 0% down!

Lessons learned? Challenges?

HOAs are a cash flow killer. Be careful.

@Ty L. Just accepted the request!  Hope to meet you in person soon!

@Ty Little, apparently I don’t check BiggerPockets enough!! So sorry for the delay. Bryant is right, the meetup is usually the second Saturday of the month at 3:30pm at rotating locations. December’s meetup is on the 15th, location is still TBD. 

Thanks @Dave Rav !  I'll let you know if we ever take Pints & Properties on the road South!

"Pints & Properties" is a real estate investors meetup in Fayetteville, NC to collaborate over beers, share knowledge, and network with like-minded people.  We meet at rotating breweries on the second Saturday of every month, 3:30pm... usually. Stay tuned to the FB group for any date/time changes!  https://www.facebook.com/groups/pintsandproperties...

This month's meetup is November 17th at Bright Light Brewing Co, West Russell Street, Fayetteville, NC.
Educational Portion w/ Guest Speaker: 3:30-4:15pm
Networking:  4:15-5:30pm (ish)
🔥📢GUEST SPEAKER:
Toby Prudhomme of Military-First BnB Solutions owns 6 AirbBnB/short-term rentals and manages 13 more. He and his team plan to expand to cities surrounding every major US military installation over the next 4 years.

Hit me up if you have questions!

@Joe Myers Thanks so much for the info!  I'm not personally interested but I'll see if any of my clients are.

@Alexander Felice Agree to disagree!  I have two duplexes & a quad which have all done very well here in Fay-town.  It's a very competitive market for quality multis though... the good ones fly off the market and those currently on the MLS are pretty crappy. Finding those off-market gems is the way to go!

@Matt Gilroy Sorry for the delay, I'd love to help you learn about the market!  What's your email address?  I'll shoot you a note so we can find a time to connect.  Side note, I lived in DuPont, WA for a couple years, I freaking loved WA!

@Christian Verges Same thing, I'd love to help you learn more about investment opportunities here in Fayetteville.  I'm a local realtor, investor, and the host of a meetup called "Pints & Properties" (who doesn't want to grab a beer and talk about investing??!).  We meet on the second Saturday of every month at 4:30pm at rotating breweries.  This month is at Mash House Brewing Company, 4150 Sycamore Dairy Rd, Fayetteville, NC 28303 on the 13th of October.  Is there anything I can help with in the meantime?

Correction, sorry @Joe Myers-I was addressing you, not Christian.