Mar 6 • REI/ Project Updates
Deals and Projects ⬇️
I have one triplex I’m closing on this week! 🎉
The purchase price was $140K, and I'm going to rent the whole thing out at market rents 💰, rehab the entire exterior for $7K, and pay the person who helped me get the deal $10K 🙌.
I’ll be all in on this one for $157K, and plan to refi on a $220K–$230K appraised value on the back end at 75% LTV 🏦💥!
I’m also buying a single-family twin, which is basically half of a duplex deeded separately, for about $35K 🏠. I’m putting $50K into it and plan to resell for $120K–$130K 💸.
On top of that, I have 2 wholesale deals that I’ll sell for about $30K net profit by the end of the month 🤑. I'm also working on closing a few more leads into contracts I can sell next month 📑.
I also have an off-market 31-unit portfolio that I’m underwriting to see if I can make the numbers work or not 🏢. 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 💼💡.
Lastly, I'm actively meeting with builders daily because I want to build my first ground-up home this year 🏡✨. I just got a mentor to help me, so now I’m on the hunt for land deals—if anyone has one, please let me know! 📲🌱
The wholesale operation is running smoothly, but the rental side needs more attention right now to scale 📈.
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 ❤️.
Hope I can inspire and help push you all.
Keep killing it! 🚀👊
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Deals and Projects ⬇️
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