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The REI Tribe

32 members โ€ข Paid

4 contributions to The REI Tribe
Hello! ๐Ÿ‘‹๐Ÿผ
Hello, my name is Dalia. I am excited to be part of this community and learn from you all. Iโ€™ll be sharing posts of some current projects, feel free to leave comments or suggestions. I hope to see each of your projects too!
Hello! ๐Ÿ‘‹๐Ÿผ
2 likes โ€ข Mar 22
@Anna Long yes! The process is different for everyone.
Deals and Projects โฌ‡๏ธ
I have one triplex Iโ€™m closing on this week! ๐ŸŽ‰ The purchase price was $140K, and I'm going to rent the whole thing out at market rents ๐Ÿ’ฐ, rehab the entire exterior for $7K, and pay the person who helped me get the deal $10K ๐Ÿ™Œ. Iโ€™ll be all in on this one for $157K, and plan to refi on a $220Kโ€“$230K appraised value on the back end at 75% LTV ๐Ÿฆ๐Ÿ’ฅ! Iโ€™m also buying a single-family twin, which is basically half of a duplex deeded separately, for about $35K ๐Ÿ . Iโ€™m putting $50K into it and plan to resell for $120Kโ€“$130K ๐Ÿ’ธ. On top of that, I have 2 wholesale deals that Iโ€™ll sell for about $30K net profit by the end of the month ๐Ÿค‘. I'm also working on closing a few more leads into contracts I can sell next month ๐Ÿ“‘. I also have an off-market 31-unit portfolio that Iโ€™m underwriting to see if I can make the numbers work or not ๐Ÿข. I'm talking to a few people and seeing if I can even raise the funds to take something like that down for $2.4 million ๐Ÿ’ผ๐Ÿ’ก. Lastly, I'm actively meeting with builders daily because I want to build my first ground-up home this year ๐Ÿกโœจ. I just got a mentor to help me, so now Iโ€™m on the hunt for land dealsโ€”if anyone has one, please let me know! ๐Ÿ“ฒ๐ŸŒฑ The wholesale operation is running smoothly, but the rental side needs more attention right now to scale ๐Ÿ“ˆ. The biggest thing that's helping me is my team. Without them, I wouldn't have the time to do all these things and maintain a good relationship with my wife and family โค๏ธ. Hope I can inspire and help push you all. Keep killing it! ๐Ÿš€๐Ÿ‘Š
2 likes โ€ข Mar 14
Congrats @Shyam Patel ๐ŸŽ‰
Introduction
Howโ€™s everyone doing? Iโ€™m an investor in Delaware and Georgia. Iโ€™ve done a few deals, and I love all of them. My old primary residence is now a successful rental. My very first investment purchase was cash-out refinanced to buy my second rental, making it pretty much a free house. And about a year ago, I completed my first BRRRR; what a fun experience that was! Iโ€™m looking forward to getting to know everyone that I donโ€™t already know!
3 likes โ€ข Mar 14
Welcome to the tribe @Kevin Navarro
Introduction
Whats going on tribe? My name is Chris. I am from North Jersey and I am investing in properties in South Jersey with my Fiancรฉ. We are currently working on a rehab project that we are both very excited about.
2 likes โ€ข Feb 28
Canโ€™t wait to see the rehab process. Welcome.
1-4 of 4
Idalia Lopez
2
3points to level up
@idalia-lopez-3324
Hello ๐Ÿ‘‹๐Ÿผ

Active 195d ago
Joined Feb 24, 2025
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