All Forum Posts by: Jared Kampschroeder

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $117,000
Sale price: $150,000

Lived in while serving in the Navy, moved when wife and I both finished enlistment.

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

We were looking for a place to live and this was the best deal in the area at the time.

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

We used a VA loan to secure the house, paid full price.

How did you finance this deal?

VA loan

How did you add value to the deal?

We knew market prices were going up steadily and simply waited it out.

What was the outcome?

We sold the house and were able to put about $11,000 in our pocket.

Lessons learned? Challenges?

We should have held on to the property longer. We rushed in to a business deal and moved away too soon. We could have kept it and made significantly more off of it.

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

It's been years now. Our first agent tried selling it for weeks, maybe months to no avail. It was only after she was receiving a promotion that she passed our case to another agent that sold it in a week. Wish I could remember his name. I'll update this if I find it.

Do you think it will be worth refinancing and renting over selling? 

We have been trying to sell our house for a while. It is in VA. We have been moved out for almost a year and live in CA. Our buyer backed out on closing day a few days ago but not before moving it to the right several times due to lending issues.

Number time.

We bought our house for 120,000 with 0 downpayment on a VA loan with 4% interest. We have made no progress on the principle since we have only had the house almost 2 years.

We recently got appraised for 140,000. 

-Can we refinance and have 20k available to put towards another property? 

-Will this reset our VA loan?

-Do you think this is a good opportunity?

I have read about situations like this but would like to know if anyone has done it before and if there are any questions I am missing.

Hi we are selling our house and closing is tomorrow but I got the final paperwork and I thought we would walk away with more than just 2k. I saw some numbers that didnt make sense to me but I am a novice so I hope some of you can look at this and enlighten me. I am paying the realtors commissions of $4140 each but there is a third charge that's only labeled as "closing costs". Is this normal or is someone trying to pocket a bit extra at my expense?

I'm looking to build an indoor race track. Would it be less expensive to buy a building and renovate it or buy land and build it from the ground up? We are looking primarily in Colorado Springs.

I think my niche may be in renovating travel trailers and RV's. My wife and I bought our first one last week and have been renovating it to flip for a better one. However, upon doing further research on how to price the flip, I found RVshare. It seems pretty legit but we planned to use Airbnb for our mobile rentals. Has anyone done this before? Which company could provide the most profit? Or is there a better one?

She is in Florence, CO and bought something like 40 acres. It has 2 wells on it and is grazing land. They are selling it for 86k and owe 44k on it.

My mother bought land in Colorado but has lived on it for a year and cant seem to get around to building due to one reason or another. She decided she will buy a house instead and feels the need to sell the land to get enough for a downpayment or otherwise ask her mother for help (God forbid, right). She has enough equity built in to the land to cover a downpayment but is saying she cant get an equity loan with the bank. Is there a way she can use the equity without worrying about selling the land right away?

I'm trying to buy my first investment property in the Hampton Roads area in Virginia but the lending company I'm talking to will only give minimum loan of $50,000. I found a property with a lot of sweat equity in it and can create a great deal but my downpayment would drop the loan amount below 50k. Does anybody know any good companies in the area that will give smaller loans around 40 or 45k?

Wow thanks guys! I'll check them out!