All Forum Posts by: Taylor Holden

Hey all,

I've found a seller with a 2 duplex portfolio in a good area. He wants to sell both. is like to acquire both yet don't have a lot of money sitting around for a down payment as I just purchased 1 SFH rental. Would I be able to get a FHA loan on his 2 duplex's/ portfolio? I'd live in one unit and rent the other 3 so it would be under the 4 unit max for FHA. I'm just not so positive how it being 2 separate duplex's would pan out?

Thanks in advance!

Investment Info:

Single-family residence buy & hold investment in Bartlesville.

Purchase price: $76,000
Cash invested: $23,000

Great B+ class single family buy and hold with minimum repairs had placed tenant within 1 week of closing. Cash Flowing before the a month and a half before the first mortgage payment was due.

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

I normally wanted to stick to multi family, But in this area it's scarce. My real estate agent showed me this home the day came on the market a bit under valued but ready to go. I just said I needed to bite the bullet and buy it. As I had been stuck in analysis paralysis for too long.

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

My real estate agent brought it to me.

How did you finance this deal?

Conventional financing 25% down. Great mortgage rates for investment.

How did you add value to the deal?

I've gone in and done some cosmetic improvements removed some unsightly doors and added paint cleaned up landscaping. I've also changed the flooring out in 1 room.

What was the outcome?

Cash Flowing with a fantastic tenant.

Lessons learned? Challenges?

It took me a long time to break the first deal bubble. I knew numbers worked on other houses and let those slip by this time I was just over waiting for the perfect deal. Now is the time to move.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I worked with a pretty Great team on this one.
First off Lee Ann Pierce who is a fantastic agent and gets investors.
Secondly Charlie Hillman at Stifel Bank who knows inside and out investment lending.

Hey all,

I've found a beautifully rehabbed 1920's duplex. Inspections came back (for a previous buyer) with zero repair notes. This thing is ready to go. The issue being is it's a little above my normal price range and a little outside my normal investing area. So I was thinking of using FHA to live in one side for a year for a low downpayment and then move out and rent the other side. (If you have some better methodology for low money into this specific deal let me know.)

Other part the area is appreciating. The houses next door are beat up c class. This thing is A class rehabbed. Across the street is two brand new a class homes. Then followed by distressed house then brand new renovation then distressed house. You get the drift. The area essentially is seeing a lot of remodels (in a historical district right by downtown.) and brand new buildings from how it used to be not so great.

The cash flow on this duplex wouldn’t be super high but I’m feeling highly positive that having it the rental rates and the over all value would appreciate. As it seems this is definitely the area to buy in.

So here’s my ultimate question.

How much do you take the area and appreciation into context with the purchase? My local area you never ever use appreciation but I feel like this is different as this area this is in has so much drastic change happening?

Hey all,

I’ve finally gotten into contract on a single family home as my first investment property. Great little house with a good price. I had to pay asking but it seemed to be under market for the area.

Now the inspection has come back. Theres obviously repairs that need to be done.

I’m thinking of asking for fair market credit towards the purchase as no one that’s selling a property will probably pay a good professional to do it right. So I’m wondering with a 77,500$ purchase price is it too much to say because of this list of issues- (not super extensive but still enough) I would like a 7000$ credit towards purchase/ closing.

What do you all think?

@Chris Coleman thank you so much for your feedback that makes my decision so much easier!!!

Hey guy's,

I'm looking for reviews on Memphis invest. Want to see if anyone has good and or bad things to say about them. Maybe we can connect and talk about your experiences.

Hey Guys,

I’m still after my first real deal as I’ve been house hacking my personal home for 3 years now.

I had a deal almost to contract with a 4 plex that I negotiated a great deal with but mere hours before signing contracts he took a higher offer when it was off market.

So now I’m stuck with this.

I have 31,500$ saved. I have thought about turnkey (as I travel 300 days or so out of the year for work.). However I don’t like most of the contracts and terms.

I have a mentor who is offering me a small rehabbed SFH 2 bed 1 bath. In a flood zone that he owns. Landscape needs help and next door has a vacant house (needs to be demolished).

He’s offering this for 27,000$. This could rent for 540$ a month with a bit of clean up on the outside. It’s in a downtown location but off a wooded road by itself. Location is maybe C class down the road.

I’m having a really hard time finding anymore worthy small multi family deals in the area. There aren’t any good ones in the area that cash flow.

So my issue is do I use almost all my savings and get into this small rent house, or do I wait and leverage this money when the small multi family’s start showing up again.

I’m really stuck as I want my first deal to happen but I’m not wanting to let go of all my capital to just get one place.

He won’t seller finance this either.

I have also thought of doing rent to own on the SFH to try and get a higher monthly out of it as I wouldn't want to keep it forever anyways. (Any insight on that would be cool.)

Thanks in advance

Hey Guys,

I’m still after my first real deal as I’ve been house hacking my personal home for 3 years now.

I had a deal almost to contract with a 4 plex that I negotiated a great deal with but mere hours before signing contracts he took a higher offer when it was off market.

So now I’m stuck with this.

I have 31,500$ saved. I have thought about turnkey (as I travel 300 days or so out of the year for work.). However I don’t like most of the contracts and terms.

I have a mentor who is offering me a small rehabbed SFH 2 bed 1 bath. In a flood zone that he owns. Landscape needs help and next door has a vacant house (needs to be demolished).

He’s offering this for 27,000$. This could rent for 540$ a month with a bit of clean up on the outside. It’s in a downtown location but off a wooded road by itself. Location is maybe C class down the road.

I’m having a really hard time finding anymore worthy small multi family deals in the area. There aren’t any good ones in the area that cash flow.

So my issue is do I use almost all my savings and get into this small rent house, or do I wait and leverage this money when the small multi family’s start showing up again.

I’m really stuck as I want my first deal to happen but I’m not wanting to let go of all my capital to just get one place.

He won’t seller finance this either.

I have also thought of doing rent to own on the SFH to try and get a higher monthly out of it as I wouldn't want to keep it forever anyways. (Any insight on that would be cool.)

Thanks in advance.

Hey all I’m wondering if you guys have any strategic ways to find small multi family deals?

Duplex, triplex, quadplex.

I had just spent months negotiating with a owner and we came to an agreement on a sale price. He then took to long on the contract and accepted another offer after me even though the property was off market.

I’ve been looking for another one ever since. I literally can’t find any duplex, triplex, or quadplex’s in a long distance from my area. I’m only searching the mls and talking to wholesalers. So do any of you have special ways to find off market multi family deals as the market seems to have none for me right now.

@Bernie Neyer I’m a investor in the bartlesville area. However I do not property manage. I grew up there though and know all the areas.