All Forum Posts by: Tyler Wilcox

Investment Info:

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

Purchase price: $185,000
Cash invested: $6,475

I bought as a primary with FHA loan and lived in one side for a year. Rents have went up and made this an amazing deal. Originally I was living rent free when I bought it. When I moved I was cash flowing $700 a month.

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

100% CoC Return

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

MLS

How did you finance this deal?

FHA Loan

How did you add value to the deal?

Added a fence and a storage building

What was the outcome?

Still own and have rose in value by over 100k

Lessons learned? Challenges?

Look at plumbing and trees

Investment Info:

Large multi-family (5+ units) commercial investment investment.

Purchase price: $1,694,000
Cash invested: $423,500

3 buildings each with 6 units. Rents were 10k per month in one month I raised it to 16600. We will have it to $18700 in one year. Worked in all closing costs and repair credit of 150k. I manage the property and have a team of guys who handle all repairs.

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

I helped a client purchase this home

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

MLS listing

How did you finance this deal?

Commercial lender

How did you add value to the deal?

I based it on rental income and future rental income. I built a calculator that gives us estimated ROI and Future ROI. Once a deal falls into the right category, I find an investor that wants it.

What was the outcome?

Currently doing better than projected and we are Cash out refinancing this property.

Lessons learned? Challenges?

More repairs then estimated and we were spending to much on contractors. I have put together a team that cut costs in half for all future flips or repairs needed.

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

Tyler Wilcox