All Forum Posts by: Aimee S.

Thank you for sharing this Amy!  Here in PA, we have been forced to not work during the pandemic by our Governor.  He deems us non-essential.  We may not show homes or go out for ANY real estate related business since March 16, 2020. Times are tough and I just got an ad to purchase Home Snap for only $99 for the year when it is normally $599.  I really need to be careful about what I spend right now and your feedback helped.  Thanks again.

Single-family residence fix & flip investment.

Purchase price: $85,000

Wonderful 3br/2.5 bath split level will be available early Spring 2020!

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

Helping the distressed seller with no functioning heat.

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

Through a referral

How did you finance this deal?

PML

How did you add value to the deal?

Found out the entire plumbing system was not good (bad materials) and replaced all of it

What was the outcome?

Going to list for sale soon!

Lessons learned? Challenges?

Pay attention to your timelines and what work is being done (or not being done)!

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

I am licensed in PA and know great lenders, trade personnel, etc.

I am busy investing (licensed as well), raising three boys ages 10 and under, being a decent spouse and trying to keep somewhat of a fitness regime...lol

Thank you Brett, I did contact my local insurance agent and he recommended some limits for both possessions and liability for me here in my state.  

@Brett Begley did you also find out if there are minimum liability amounts recommend for tenant’s rental insurance?

@Travis Wylie Try Sun Federal CU for LLC lending.

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $85,000

Wonderful 3br/2.5 bath split level will be available early Spring 2020!

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

A wonderful project to work on

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

Referral from a former real estate client.

How did you finance this deal?

PML

How did you add value to the deal?

Gave time and cooperation working with the seller

What was the outcome?

Still working on this project

Lessons learned? Challenges?

Patience and staying connected works

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

Hi Travis, chose to keep this one personal.   

p.s. BRRRR is one of my favourite ways to invest!

Investment Info:

Single-family residence wholesale investment.

Sale price: $12,000

Wholesaled a condemned/distressed property to buyers/investors.

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

My Marketing

How did you add value to the deal?

I served as transaction licensee

What was the outcome?

Happy seller and buyer

Lessons learned? Challenges?

Wholesale properties you yourself do not wish to purchase

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