Meet the Investor: Background and Ambitions of a Real Estate Professional
We are a young family raising our two little girls with God first, family/self second and RE Investing third. We are originally from Houston and now we are just South of Atlanta. We enjoy REI courses, growing our business, and raising/homeschooling our daughters. Recently we started raising chickens and turkeys both for eggs and for meat. And we always enjoy traveling and spending time in nature.
What Drives Your Passion for Real Estate Investment?
We are building generational wealth for our children and for our retirement with the ultimate goal of financial freedom.
The Journey to Finding a Profitable Real Estate Deal
We pull lists and have a cold caller, who then sends leads to our acquisitions manager. Finally, we go see it in person and lock it up.
Addressing Challenges in Real Estate Ventures
We would have to pick the basement. It was taking on water when it would rain and we had to get more than half the basement waterproofed. It was costly and time-consuming. But what comes in second was having to find bright gold hinges that were the right fit for the 1970s cabinets. That was tricky, I had to order and return a lot of hardware.
Project Highlights: Celebrating the Most Rewarding Aspects of the Real Estate Deal
The turquoise-painted cabinets with the gold hardware and the white-painted brick exterior. Both design details really made this home stand out to potential buyers. Our realtor's phone was ringing off the hook. We ended up going with an offer of $10k over the asking price.
Reflecting on the Real Estate Experience and Future Improvements
I will from now on spend the money and the time to get the home appraised before listing it. The lender’s appraisal came in much higher than we anticipated and we lost out on potential profit.
Insights for New Investors: Essential Advice for Starting in Real Estate
How much dumpster rentals would cost and how many dumpsters one will need for a renovation. They sure do add up quickly. Also, don’t always go with the lowest contractor’s bid.
Why Partnering with SkyBeam Capital Made a Difference
SkyBeam Capital has a seamless application process and a quick turnaround on loan approvals. They work fast to approve applications, which helps us lock up deals fast and they close quickly. We really appreciate the time and care they take in working with us. Anytime we have a question or need some assistance they are always quick to help.
