All Forum Posts by: William Hollifield

Welcome Andrew,

Bought house hack rt near UOP Caldwell village. I do live in flips and out of state investing in Alabama. Great to hear someone very close!

Purchase a 3/2 in Birmingham Alabama in February and currently section 8 leased! Going fine although covid did scare me a bit but purchase was already closed. 🤙

😂😂 Guess Mary knows the area! Alot info there! Good job

@Jake Moran would I personally buy in those areas not a chance. Could it work as a rental in those areas sure probably could if the numbers worked out, but your tenant base is not going to be the same as say Spanos area ,Stonewood ,Caldwell some areas around Lincoln, Brookside. Basically if you do not know the Stockton area very well i would never recommend investing here. There are just to many pockets. Again it depends on the investors choice, me personally am not into D class buy and holds. Some may actually want those areas and thats just what there into. 

my newest purchase is actually 2 streets over from UOP! Darius u are absolutely correct! My was a REO

Hi Colton I live in the area and have done 2 live in flips on my 3rd and also have purchased 1 BRRRR property in Alabama which has been tough but got it done. I have lived in Stockton 34 years and know the area well. Not sure as to how much I could help with but hit me up.

Investment Info:

Single-family residence fix & flip investment in Stockton.

Purchase price: $275,000
Cash invested: $60,000

Currently live in flip with a future house hack with studio property in back!

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

living almost mortgage free and forced equity

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

MLS

How did you finance this deal?

5 percent down and personal cash for rehab

How did you add value to the deal?

added additional bedroom making a 2b 2b to a 3b 2b and rehab entire property.

I think it would be possible depending on the deals you could buy multiple properties and use the brrrr strategy. This would allow ur money to work harder, allow to get more for your money, but would need to find great deals. I recommend oos investing and learn about brrrr.