I buy distressed properties & turn them into rent to own opportunities. Helping families become homeowners. Raising private capital and documenting the journey.
I thought I would do a quick recap of the portfolio.
House #1:
3/1, 1,211 sqft, bought in Jan 2025 for $69K. Renovated for $18K and finished by April. Rented for $1,300 in mid-May. Just refinanced at $120K ARV and pulled out $29K cash. Cash in the deal before refi was $42K.
House #2:
3/1, 1,682 sqft turned into 4/2.5, 1,682 sqft, bought in Dec 2025 for $135K. Renovated for $57K and just finished. Listed for rent-to-own through https://t.co/PrS6wp8ygd for $1,300. About to get an appraisal for refinance and should be able to pull out $9K if ARV comes in at $245K. Cash in the deal before refi was $21K.
House #3:
4/1.5, 1,798 sqft turning into 4/3, 1,950 sqft, bought third week of Feb for $51K. Reno estimate $56.5K, to be ready first week of April. Will do rent-to-own for $1,500. Hoping to refi at $165K.
House #4:
3/2, 1,805 sqft turning into 4/2, 1,805 sqft, under contract and set to close March 25th. This one will be a flip. Purchase $115K, reno $65K, sale price $265K. Hoping to finish first week of June and sell before August. Total cash into deal before sale $48K. Proceeds from sale $100K.
House #5:
3/1, 1,352 sqft turning into 3/2, 1,352 sqft, under contract and set to close April 1st. Reno needed about $25K. Aim to finish mid-May and rent for $1,550. Then refi by July at ARV of $165K and hope to cash out $22K. Cash needed before refi $22K.
To be continued...
@ThinkAppraiser Would you a pay a premium to have built in a month?
Currently working on a business to build in a new modular way but same stick frame build type. Build time would be 1/2 months.
Curious what the demand would be for this. 10% premium
Just started renovating this baby
Finally bought in 20 days ago and contractor has not been able to handle 2 projects at once
Currently he is also finishing up the previous flip 60k in so far in rehab. Photo Thursday and appraisal Friday.
Wish me luck.
So I thought this worked as well and was doing it and then noticed that I had interest charges.
I looked into it and apparently any sort of transaction that acts a cash like paying with cash app or what not will incur the 3% transaction fee and be considered as a form of cash advance not purchase and therefore wont be on 0% like your purchases