Tag Archives: EXit strategy

case study on 6104 Walnut Hills Small Group Investment / Syndication

A case study on 6104 Walnut Hills Small Group Investment / Syndication

This was a small group investment also known as a syndication that I completed in 2004/2005.   It was a duplex needed major repairs so I put together a small group to participate with me in the completion of the purchase, rehab and ultimate selling of the property.   Despite several surprises we ultimately sold the property and made a tidy profit for both the money investors and for myself.   

Please see the attached PDF’s the first of which was my prospectus to the Investors some of whom are members in the REICA group and I hope they felt good about the returns they received ((at least I think that they did))   Maybe one of them will come out and testify about this investment opportunity for the good of the group.   (You know who you are!))  

The final outcome came to a 46% return on investment for the money investors and a pretty good return for me as well!   Check out my budget and how the money was spent to see some of the details of what it should look like when you get started in one of these rehab/syndication deals.

To summarize this one I bought it for 33K and got my money partners to put up 40K and went to the bank and got another 40K to rehab it and we sold it for 140K.   We had some budget overruns (small ones) and almost got sued over it ((that’s another story)), but it turned out great for everyone involved! 

This was the last of my small group investments / syndications!   Now I will only do bigger syndications for bigger properties but it was a great stepping stone in my learning and growth as an investor.   If you want to know why I am against small group investments please send me a private email or post it to the REICA group and I will respond to you.  

I hope that this inspires some of you to go out and begin to put together small groups to help you further your investment goals.

 

Post your questions to the REICA board and I will answer some of them if any or send me a private email at Ron@theseaygroup.com.

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5661 Pinon Vista, Austin TX 78724 -SOLD

5661 Pinon Vista, Austin TX

$95,000

More Pictures of the property below

This property is a section 8 rental for $900 per month.   The resident has been there for 3 years!

It is a 3-2 with a 2 space carport.

More Piictures of Pinon Vista

 

7910 Rosenberry for sale $175,000 or trade or something creative!

What can a real estate trade look like.    I purposed a trade for a 4-plex on a street where I own several other properties.

The house shown above is for sale or trade.    What is a real estate trade?   Most people can only think in terms of cash from a lender to a seller for real estate transactions but in fact Trading something of value for real estate happens all the time just not as frequent as a cash sale does.   Continue reading 7910 Rosenberry for sale $175,000 or trade or something creative!

21903 Cold Springs for sale or trade

This is a property with 2 houses on one lot.   The small house needs work.   Click on the following link to see the listing details and some pictures.

I will trade it or use it as the down payment on a larger property.   It is listed for sale for $125K.    Continue reading 21903 Cold Springs for sale or trade

the death of easy owner financing

Well the government has finally gone and done it. They have killed easy owner finanicing in our Great State. Gee thanks I will be sure to send my representatives a thank you letter for the SAFE ACT and its implementation. If you have ever wanted to exit a house that was an investment property you must now be a mortgage broker in order to sell it if it was an investment property. I guess now those buyers who need owner financing from investors will now have to pay a little bit more for the headache the investor has to go through in order to owner finance a house to an buyer who wants to live there. Did the wise washington politicians think that the SAFE ACT would protect buyers who need finaning? PLEEEEAAAASEEEE!!!!!

Continue reading the death of easy owner financing