- This topic has 10 replies, 3 voices, and was last updated 6 years, 11 months ago by
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Here is our latest deal (Video link below). It will be ready to purchase around mid December. If you are interested, please email.
Purchase Price: $105,000
Down Payment: $21,000 (20%)
Projected Cash on Cash Return: 10.22% (Year 1)3 bed / 1 bath / 1,234 sq/ft with attached garage
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Here is our latest deal (Video link below). It will be ready to purchase around mid December. If you are interested, please email.
Purchase Price: $102,000
Down Payment: $20,400 (20%)
Projected Cash on Cash Return: 10.05% (Year 1)3 bed / 1 bath / 950 sq/ft with detached garage
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Hey Stu,
Saw on Insta you got your 13th Property, congratulations! In the comments you stated you sold to an investor pre rehab so he can do the BRRR. I’m familiar with BRRR but how does a deal like this work for you? Does the investor need to have their own contractors and what not already? Was this essentially a wholesale deal? Interested in the ability for the investor to be able to refinance to possibly get some money back to repeat the process. The most frustrating part of my path is always having to save the capital again after a purchase.Thanks for any insight you can give!
~Fabio
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@FabioB Thanks for the note! This deal was a little outside our normal business plan. Yes, essentially it was a wholesale deal to another investor that has purchased from us before. Since he was a return client we gave him the opportunity to purchase the property pre-rehab and use our team to do the full BRRR strategy. Although we have done this a few times for a few specific clients that we have a close relationship with, it is outside the norm. We don’t plan on continuing to keep this as an option for future deals, as it’s not sustainable for our team. Being able to pull money back out when refinancing the deal is absolutely a huge piece of why the BRRR is such a great strategy, however creating your team is the pre-cursor to performing that strategy and is probably the hardest piece to the puzzle.
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Hey MIN!
The Storehouse 310 Ventures website is up and running and we will post our turnkey deals there. However, we currently have a waiting list for buyers so we will offer our deals first to our wait list before they are offered to the general public. So, if you are fairly certain you want to buy a cash flowing rental property in Milwaukee, get on the wait list!
Website: https://storehouse310turnkey.com/
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@Stu, I know Milwaukee is becoming a hot market for investors. Does Storehouse have a plan for how much longer it will operate in Milwaukee? Are there other markets on the horizon for the Storehouse team?
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@Doug Yes, Milwaukee is hot and we’ll continue to stay there until it makes sense. It’s hard to predict the future though. But, we have a great team so we’ll stay there as long as we can. We are evaluating some other markets and may test out one by investing there first before we start selling to others. That may happen this summer.
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Posts
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-
Here is our latest deal (Video link below). It will be ready to purchase around mid December. If you are interested, please email.
Purchase Price: $105,000
Down Payment: $21,000 (20%)
Projected Cash on Cash Return: 10.22% (Year 1)3 bed / 1 bath / 1,234 sq/ft with attached garage
-
-
Here is our latest deal (Video link below). It will be ready to purchase around mid December. If you are interested, please email.
Purchase Price: $102,000
Down Payment: $20,400 (20%)
Projected Cash on Cash Return: 10.05% (Year 1)3 bed / 1 bath / 950 sq/ft with detached garage
-
-
Hey Stu,
Saw on Insta you got your 13th Property, congratulations! In the comments you stated you sold to an investor pre rehab so he can do the BRRR. I’m familiar with BRRR but how does a deal like this work for you? Does the investor need to have their own contractors and what not already? Was this essentially a wholesale deal? Interested in the ability for the investor to be able to refinance to possibly get some money back to repeat the process. The most frustrating part of my path is always having to save the capital again after a purchase.Thanks for any insight you can give!
~Fabio
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@FabioB Thanks for the note! This deal was a little outside our normal business plan. Yes, essentially it was a wholesale deal to another investor that has purchased from us before. Since he was a return client we gave him the opportunity to purchase the property pre-rehab and use our team to do the full BRRR strategy. Although we have done this a few times for a few specific clients that we have a close relationship with, it is outside the norm. We don’t plan on continuing to keep this as an option for future deals, as it’s not sustainable for our team. Being able to pull money back out when refinancing the deal is absolutely a huge piece of why the BRRR is such a great strategy, however creating your team is the pre-cursor to performing that strategy and is probably the hardest piece to the puzzle.
-
-
Hey MIN!
The Storehouse 310 Ventures website is up and running and we will post our turnkey deals there. However, we currently have a waiting list for buyers so we will offer our deals first to our wait list before they are offered to the general public. So, if you are fairly certain you want to buy a cash flowing rental property in Milwaukee, get on the wait list!
Website: https://storehouse310turnkey.com/
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@Stu, I know Milwaukee is becoming a hot market for investors. Does Storehouse have a plan for how much longer it will operate in Milwaukee? Are there other markets on the horizon for the Storehouse team?
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@Doug Yes, Milwaukee is hot and we’ll continue to stay there until it makes sense. It’s hard to predict the future though. But, we have a great team so we’ll stay there as long as we can. We are evaluating some other markets and may test out one by investing there first before we start selling to others. That may happen this summer.
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