All Forum Posts by: Tyler Wilcox

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $170,000
Cash invested: $32,000

I bought this as a duplex that a triplex. $650 one unit and $600 the second. I increased the rent on the $600 to $850 and the other tenant moved. I split the unit into two. I rented that unit for $850. I spent $12000 converting the middle unit back into the third unit and rented that for $850. I bought this as owner financing at $20,000 down 7% interest. My payment is $1000 with around $300 to tax and insurance. After maintenance, I should bring in $1200 a month cashflow.

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

Value add, Rent increase, owner financing

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

Saw it while showing homes

How did you finance this deal?

Owner financing

How did you add value to the deal?

Convert to triplex, increase rent

What was the outcome?

High cash flow high value add

Lessons learned? Challenges?

Contractor was slow, so I started my own team

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

Myself, Tyler Wilcox, Must Have Real Estate LLC

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $170,000
Cash invested: $32,000

I bought this as a duplex that used to be a triplex. It was renting for $650 one unit and $600 the second. I increased the rent on the $600 to $850 and the other tenant moved. I closed off the connecting door to split the unit into two. I rented that unit for $850. I spent $12000 converting the middle unit back into the third unit and rented that for $850. I bought this as owner financing at $20,000 down 7% interest. My payment is $1000 with around $300 to tax and insurance. After maintenance, I should bring in $1200 a month cashflow.

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

Value add, Rent increase, owner financing

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

Saw it while showing homes

How did you finance this deal?

Owner financing

How did you add value to the deal?

Convert to triplex, increase rent

What was the outcome?

High cash flow high value add

Lessons learned? Challenges?

Contractor was slow, so I started my own team

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

Myself, Tyler Wilcox, Must Have Real Estate LLC

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $171,500
Cash invested: $20,000

I bought this as a duplex bringing in $1250 total. It used to be a triplex so I converted back and charge 850 per unit. I also did owner financing with 20,000 down and 7% interest with a ballon after 5 years.

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

Opportunity to do owner financing and create a 3rd unit

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

On MLS

How did you finance this deal?

owner financing

How did you add value to the deal?

Change to a triplex and increase rent

What was the outcome?

Cash flow of 1500 per month

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

Tyler Wilcox eXp Realty LLC

Investment Info:

Small multi-family (2-4 units) other investment.

Purchase price: $150,000
Cash invested: $150,000

I bought this place with cash using savings and personal loans. My plan is to cash out refinance in 3 months. this should appraise at 170-200k. If it appraises at 200k I will pull out my entire 150k investment and still cashflow 500-600.

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

High cash flow

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

MLS

How did you finance this deal?

Cash personal loans

How did you add value to the deal?

Increasing rent

What was the outcome?

Working on it

Lessons learned? Challenges?

I can get a personal loan at 7.5% 100,000

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

Tyler Wilcox

Investment Info:

Mobile home fix & flip investment.

Purchase price: $16,000
Cash invested: $40,000
Sale price: $83,000

2000 sqft Double Wide

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

Cheap

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

Agent

How did you finance this deal?

Cash and cards

How did you add value to the deal?

Redid everything

What was the outcome?

Sold for 40k profit

Lessons learned? Challenges?

Everything

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $496,000
Cash invested: $25,000

2500 sqft 4 bed 3 bath 1800 sqft basement fully fenced in yard, Hardwood floors, 9 foot ceilings, Heated bathroom floors

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

For personal home

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

MLS, built in appliances, Fence, Closing costs

How did you finance this deal?

Conventional 5%

What was the outcome?

Still live here

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

Tyler Wilcox Realtor
Bryan Maddex Guild Mortgage Lender

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $500,000
Cash invested: $25,000

4 bed 2 bath new build. 2200 sqft basement 2600 sqft home. fully fenced in backyard

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

I bought as a primary home, but it didn't work for us. I plan to finish the basement and it should give us a return of over 100k.

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

MLS

How did you finance this deal?

Conventional 5% down

How did you add value to the deal?

Fence, concrete, framing basement and plumbing in basement

What was the outcome?

Still working on it, started Airbnbing it to pay the mortgage.

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

Tyler Wilcox Realtor
Bryan Maddex Guild Mortgage Lender

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $285,000
Cash invested: $71,250

2- 2bed 2bath duplex with Garage. All brick in prime rental market

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

Great deal that was overlooked

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

It had tenants and needed work. I had the tenants moved out and built in repairs into the deal. I bought this for 100 per sqft including all repairs and closing costs. This market sells for 180 per sqft. I doubled the rents as well.

How did you finance this deal?

Lending One 25% down

How did you add value to the deal?

new roof, clean crawlspace, got rid of leaves, increased rent, changed light fixtures and some appliances

What was the outcome?

Still hold over 100k return, cashflow 1500 per month

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

Tyler Wilcox Realtor

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $220,990
Cash invested: $15,000

1 acre of land 4 bed 2.5 bath new build, 2 car garage

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

1st new build in New development

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

I new the builder

How did you finance this deal?

5% down Conventional

How did you add value to the deal?

Fans, Fence, Concrete

What was the outcome?

Still hold, rose in value by 90k, cash flow $750 a month

Lessons learned? Challenges?

Great deal

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $185,000
Cash invested: $10,000

New build, Fenced in Backyard

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

First home of many to be built in the area. I knew the market was great for rentals and I was able to buy as a primary. I lived here for over a year and it became a great rental home. Increased in value by over 100k.

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

I knew the builder. I reduced my commission and there was no listing agent commission.

How did you finance this deal?

Conventional 5% down

What was the outcome?

Still own cash flowing $750 per month.

Lessons learned? Challenges?

Stay away from Oak trees

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

Tyler Wilcox Realtor