All Forum Posts by: Terevarevahaunui Jacobson

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $148,000
Cash invested: $36,000

Long term rental; 5/2

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

location; cash out refi

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

wholesaler

How did you finance this deal?

hard money and private money

How did you add value to the deal?

renovations

What was the outcome?

refinance and $10k cash out

Lessons learned? Challenges?

analyze deals better; get a better PM

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $140,000
Cash invested: $40,000

2/1 Buy and Hold in Indianapolis worth $260k today.

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

good market

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

lead came from networking

How did you finance this deal?

Hard money loan and private money loan

How did you add value to the deal?

renovations

What was the outcome?

refinanced with $10k cash out

Lessons learned? Challenges?

check/confirm b/b count

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

none

Come network at our Maui Real Estate Investing Meetup on Wednesday September 21st. from 4pm to 6pm at the Maui Brewing Co. in Kihei. featuring the incredible Zeona McIntyre.

✨ Zeona has been featured on the Bigger Pockets podcast and is releasing her new book entitled "30 Day Stay: An investor's guide to Mastering the Medium-Term Rental" (co-authored with Sarah D Weaver).

We are excited to see our Maui community of investors and aspiring investors come together for this one of a kind meetup!

All experience levels are welcome. Be sure to click "ATTEND" here.

Investment Info:

Condo buy & hold investment.

Purchase price: $110,000
Cash invested: $12,000

First rental, 2b/1.5b, in a class C complex.

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

Low buy in; easy investment to learn more about being a landlord.

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

Mailers and Text marketing;

How did you finance this deal?

Hard money loan

How did you add value to the deal?

Renovated kitchen and baths

What was the outcome?

Appraised about $50k higher than all in

Lessons learned? Challenges?

Easier to renovate if tenants aren't in unit (I inherited tenants) however, glad I was able to help them.

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

Worked with Nick at Civic Financial. Message me for contact info.

this is AWESOME!!!!! @Zasha Smith

Aloha,

I'm looking into a property on my D4D list and realized the only owner is deceased. The property is free and clear, and way behind on property taxes. What would my next step be to possibly buy the property? (property is in Hawaii)

Thank you!

I love this mentorship. he delivers WAY more than you sign up for. consistent content!

It's honestly an amazing mentorship! He delivers WAY more than he sets out! The content is consistent and mind blowing!

Hi Luis, first of all GOOD JOB!

I agree with contacting agents: a lot of agents have their own list of "cash buyers" that they send lots of properties that meet their criteria to knowing that they'll be able to close fast and offer cash. FB market place is a great way as well. If you find a group of investors, wholesalers, or cash buyers in Mississippi, you will find a buyer really fast. Also, make sure you have your assignment contract ready for them as well, as well as a nice presentation with pictures, numbers, comparables, and projections of the property/project. GOOD LUCK and don't let ANYTHING/ANYONE stop you. If you hear "NO", it just means "YES" is around another corner! You got this!
PS: you also want to do your DUE DILIGENCE when choosing the buyer :)

Hi @Jordan Selvey, I'm an investor on Maui. I can connect you with a few different agents here, we network and are friends with a few.