Scott Starkey

I am fairly new in the real estate investing world, but I have dove head first and and learning quickly. I acquired my first deal in June 2018, after reading every real estate book I could get my hands on and listening to the extremely insightful podcasts and reading the incredibly brilliant minds of the BiggerPockets members. I didn’t just “dip my toes in the water” of real estate investing; I “dove, head first, into the some time lucrative; some time murky, real estate investing waters. My first purchase was an 8 unit apartment complex and 2 duplexes deal. Over the first six months, I have renovated half the units and raised the rents by 50% (when I purchase the properties, the rent was under-market significantly. September 2018 - My second deal was a distressed 8-unit apartment complex. I got it for $50k; with Seller carry at 6% for 8 years. The rent, at the time was wayyyy below market at $250/ month for a 2 bed/ 1 bath. I’m currently in the process of rehabbing the place. Once bought, I immediately raised the rents to $300/ month with plans to go to $500/ month within the next 2 years. January 2019 - I currently have under contract a 71 unit mobile home park. This is obviously a new niche for me, but I love the concept. March 2019 - I just closed, March 2019, on my first SFH in which I plan to BRRRR. This will be a new experience, and I look forward to seeing this process unfold. I will update photos as we go. June 2019 - We have closed on the 71-unit Mobile Home Park. It is a mess. However, with a lot of time and energy, I believe we can turn the place around. We have also finished our 1st BRRRR; and started and finished our 2nd BRRRR. Both BRRRRs are SFHs. September 2019 - We now have refinanced the first apartments and single family homes we bought last year into a portfolio loan and was able to pull out $192k. This influx of capital has boosted our acquisitions. We currently have 6 houses under contract that we plan to BRRRRR. These properties will be rolled into our portfolio loan and will increase our door number to 99 doors. I am always looking to grow and am continually looking for my next deal.