Sam "Speed Racer" & Robert Craven
Worked with the Passive Income Club and John Blackburn to find this property which met all of our criteria. The rehab completed by REI Nation was very nicely done with quality design and workmanship.
To be honest, I think I passed on 3 deals before I was emotionally ready to take on a property after my Dad passed away. I did find this driving around, found a house with a fallen down FSBO sign and the seller was having an issue with a roofing contractor that had replaced the…
This home was our primary residence but we moved into another home. We kept this property and converted it into a rental property. The unique thing about it is that it has a suite on side of house (like a granny suite) that is rented in addition to the main house. No repairs were needed.…
This is a 2/2 duplex in Washington Heights. We have helped the seller many times throughout the years as they were slowly retiring out of the rental business.
We found this deal through a local wholesaler and won the coin flip at the group showing! The purchase price was funded with hard money and we funded the rehab through lines of credit and personal funds. We actually listed and got the property under contract before it was even done. Saved money on interest…
We actually found this deal on the MLS. Originally it was in a price range over what we wanted to spend. Once the seller dropped the price, we contacted his agent and scheduled our inspection. Using the Repair Estimator, we calculated all of the costs. We made an offer the next day. It was our…
My first rehab! I was looking for a simple, easy fix as a first-timer but when this opportunity presented itself, I decided to go for it - full gut, added an extra bathroom and extra bedroom plus a bonus room. 2 Private money lenders funded the purchase.
This was our first experience buying a REO from a bank. The addendum with all disclosures protecting the bank were very scary at first, so we requested a Lien Search and negotiated with the city to remove a small fine the property had. We purchase the property at a very good price beating others bidders…
We acquired this property from an investor who was renovating it when the Nashville March tornado hit in 2020. This was a down-to-the-studs renovation and was unique in that it had sustained a good bit of tornado damage: including a sizable whole in a brick wall.
This deal was brought to us by our realtor on the MLS. This house was a complete rehab: New Kitchen Granite Countertops Stainless steel appliances, Brand new bathroom, new flooring laminate and carpeting, in the lower level we added a bathroom and an extra "bonus room".
We found the deal through a Facebook marketing campaign. The deal was funded through a business line of credit we established through a local lender. It was a full cosmetic renovation replacing roof, siding, kitchen, bath and flooring. No structure was changed, and no mechanicals needed to be replaced. Just a nice easy renovation to…
We found this property on the MLS and bought it within hours of listing. The 75-year old house was a 3br/1ba with under 1200 square feet. We did a full gut of this house. We added a bathroom, moved the kitchen into laundry room and added a new laundry room by the Main Bedroom. We…
A Realtor in our network had a contract on the home. After hurricane Sally hit and damaged the home, the buyers wanted to back out. We were able to close quickly by paying cash funded by our private investors. This helped the seller by not having to repair and re-list the home. Our contractors landscaped…
We found this deal on the MLS. It was a local foreclosure. We were rehabbing it to live in, but one month in the rehab my fiance got into medical school a state away. We switched our exit strategy to a rehab and sell. We replaced the kitchen, bathrooms, lights/switches/outlets, appliances, hardware, windows, doors, plumbing,…
We closed on our second passive income property with Jacksonville Wealth Builders. We used the profit funds from our first rehab deal to put down as the down payment and financed the rest with conventional financing. The interest rates at an all time low was a great factor for pushing us to purchase another property…
This Condo deal was purchased all cash with funds available through a SoloK. It was in very bad shape and we did some extensive repairs. Kitchen, Bedrooms, Bathrooms & Living area were all remodeled. We still look at the before and after photos and cheers to ourselves on being able to see the vision through…
This was a 50/50% joint venture rehab Ocean Current Properties LLC did with Way to Go Homes, LLC. Total profit was $103,000, with split we both got $51,154. ARV was conservatively at $350,000. Listed at $409,900. Sold for $450,000. It was the best joint venture partnership, very smooth and successful! This was first rehab with…
Kelley is a licensed real estate agent and located an estate deal. We secured the property under listed price. We did run into problems with our initial contractor, and needed to for us to be come GC of the project and sub out the last 40% of renovation. We were shut down due to COVID-19…
This was a great find. We targeted an area with post cards through realeflow and got a call from an investor wanting to sell. This house was in his 401k and signed the deal before we left his house buying a great duplex rental. This is a $300k listing any day of the week.
We purchased this property at a foreclosure auction, it was funded privately by the four partners. Repairs done included new granite countertops, new floors, painted inside, and pressure washed the whole house on the outside. What was unique about this deal was that a lot was saved in repairs because the partners on this deal…
This one was a tear down and build new, which allowed for a complete transformation!
