All Forum Posts by: Marc Tuckey

Yeah, that's a super find in Flower Mound! Congrats. 

@Cecilia Hagan

I would like to see some of the deals coming across that you are finding. Always interested in picking up another rental property where I can create equity.

@Margaret Johnson

Would you be able to PM me some additional details. I'd be interested. 

Brooks Cannon Allstate is who I have been using. I would be interested in where you end up on this. 

Erin Stubbs Pierce

Brooks Cannon Allstate Insurance Agency

@Sam B. @May Emery

Here is a link to the before and after photos on google pics:

https://photos.app.goo.gl/RvnLrgWvQJBJy8J69

@Sam B. I am looking to pull 160 back out of it on a refi. We anticipate it will appraise for 210k ish (ARV). I have it listed for 1800 rent now but thinking I may have to lower that to 1750 to increase traffic. I have been getting leads but they have not been qualified. Ill round up some of the before pictures and post those.

@ May Emery It looks like I mailed it a few different times. The first time it was tax delinquent in 2017. Then I pulled it on another high equity list in 2018 and that's what they responded to. Turns out the response was from the son and he was the executor of the parents will. The folks had lived in the house since 1970 so when they were alive selling was likely never a thought for them. This seems to be one of those stories where the timing is everything and having a letter in front of them when they have a need. 

I am constantly trying to cultivate new lists. I have do probate, tax delinquent, high equity, etc.  My last couple of batches (about 3k letters) got only some take me off your list calls. But if you get one good call it pays off. 

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $116,000
Cash invested: $50,000

Single family BRRR strategy rental. Seasoning for 6 months to get initial cash back out. Full rehab to include: reconfiguration, new windows, new HVAC system and all cosmetics.

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

Looking to grow my single family rental portfolio

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

Direct Mail. Negotiated directly with the seller. It was his parents house and he was the executor.

How did you add value to the deal?

Full rehab including HVAC, window and full cosmetics.

What was the outcome?

Will be a rental. Currently listed for rent.

Lessons learned? Challenges?

Don't under-estimate the cost of dumpsters :-) Lots of stuff that had to be hauled off.

@Tyler Pfaffenbach

You’re a young pup. I grew up in HV and was the first graduating class from Marcus in good old 1988.

Let’s plan to get together and chat along with @Trevor Reed

@Tyler Pfaffenbach

Welcome to the site. Its a wealth of information for sure and so is the podcast. We are darn near neighbors as I am in Flower Mound, so if you need anything feel free to reach out.