All Forum Posts by: Skylar Dejesus

Have you found any quality realtors yet? @Crystal Mchazlett

@Michael Roberts did you ever find an agent to your liking?

@Corina Eufinger Did you ever find a suitable realtor to your liking?

@Jason Malabute

If your looking for a qualified realtor in your area I can be of some assistance to you. 

@Brandon Hall wow great post! 

Congratulations @

@Jay Patel I hope you continue to prosper! Are you in FL but purchased your property in NC?

@Rudeka J. lets get together and speak what your parameters I'd love to get something going with you also!

@Account Closed I'd love to talk to you further about there are defiantly some greats deals I have had my eye on.

@Robert WhiteMr. White,

Thanks for your response!

I would like to address some of your concerns.

The monthly capital expenses are your water, sewer, and trash $4446 for the year which is the 370.5 you see in monthly expenses.

The property is defiantly in an A neighborhood within a half mile of the best/largest high school in the area. Is very centrally located to our city's business district. They are condo style apartments which demand more rent in our area. 

I see this property as a good deal because rents are severely under market value for this area at $575 minimum rents for this area are $700.

We would be managing the property ourselves. I do know most investors consider this in their calculations which I have but I didn't include it to portray what the investor would make more realistically. 

In regards to the vacancies half of the tenants have been there over 5 years and with only one vacancy in the previous two years which if anything shows you the quality of the property and area. 

I hope I was able to address some of your concerns and I would never intentionally or unintentionally misrepresent a deal to an investor I would not put the post up if it wasn't making good $$$ and if I didnt see a great opportunity to capitalize. 

I hope to speak to you more in the future!

Hi my name is Skylar DeJesus and I live in Johnson City, TN. I have been investing for about two years now and love it! Unfortunately, I have hit a small road block in my investing journey and am trying to be creative to keep my journey moving forward at a steady pace!

Currently, I have two properties a triplex and a duplex but I am maxed out in my debt to income ratio and until I've had my properties two years I can't use the income to garner any more mortgages. So currently I am in the stage where I do not want to remain stagnant for the remaining two years but I have to be creative in my financing approaches.

In regards to the reasoning of this post, I have an awesome opportunity to JV partner with some one. I have known these investors and for a while and hey about owner financed a 6 unit to me for my first deal but we had got estranged through a cell number change. Long story short we have stayed pretty close since then and in a sense they have been mentors to me, great people. I recently seen them at an auction for a 23 unit complex. They explained to me that they are trying to liquidate their properties for a massive project. They offered me a pretty sound deal the only issue is I don't have the capital required to fund the deal I have about 1/5 of it.

Here's the basis of the deal: 

12 unit property A rated neighborhood

Brick building built in 1978

asking 500k : said he was willing to owner finance with 100k down 5% interest rate with 5 year balloon 

Another investor and I checked out the property this past weekend the units are also in A shape the ones we seen (2). There have been 6/12 tenants that have been there more than 5 years. Also, I think the most attractive part to this deal is that the rents are severely under market value and with a profit maximization strategy put in place to market value would increase the net income to about 40-45k/year. The numbers posted below are very conservative as are the properties finances CURRENTLY. There are many areas in which a profit maximization strategy can be used on this property which is one of the many reasons why this particular deal is attractive to me.

If anyone is interested in being a JV partner on this deal I would love to discuss this further as I have had my eyes on this property for a while and do not want to let this opportunity slip by.

Last, I live in an area where the market is thriving and real estate prices are very cheap relative to the rest of the country. I think this is a haven for out of state investors and would to engage in as many JV deals as possible to keep building my portfolio while I wait to be available for more financing.