Meet the Investor: Background and Ambitions of a Real Estate Professional
I am an analyst at Floor & Décor and my wife works as a general manager at Chick-fil-A.
What Drives Your Passion for Real Estate Investment?
To build wealth and passive income for the future.
The Journey to Finding a Profitable Real Estate Deal
A real estate agent that we work with knew of a property that was about to go to market. Once notified, we were able to walk and underwrite the deal before it went on the MLS, which allowed us to make an offer the day it went live at just over ask, with no due diligence.
Addressing Challenges in Real Estate Ventures
Rotating through bad contractors and eventually working with a skeleton crew to finish the work.
Project Highlights: Celebrating the Most Rewarding Aspects of the Real Estate Deal
My favorite part of the deal was changing up the floor plan to turn a 2-2 with no family area into a 3-2 with a master suite.
Reflecting on the Real Estate Experience and Future Improvements
I would have reached out to different credit unions and lenders that do not underwrite for Fannie Mae and Freddie Mac to secure a cash-out refinance.
Insights for New Investors: Essential Advice for Starting in Real Estate
You get what you pay for when it comes to contractors. Though it may seem that you can save money on cheaper labor, their price typically coincides with their work and you may end up paying for the same job twice.
Why Partnering with SkyBeam Capital Made a Difference
The owner and management of SkyBeam know real estate and customer service. SkyBeam isn't just a lender, but they are a partner. Before agreeing to fund the deal, they walk you through your deal to make sure you are in a position to be successful. Throughout the loan, they are there to support through the process. From the account management team, through the asset management team, and to the accounting team, they are all professionals and the best at what they do.
