Heritage Homes Investments, LLC

http://dealflowacademy.com

It’s not too late to join us! Get the help you need to create sustainable income with consistent deal flow! 7 pm cst

Deal Flow Academy Replace your 9-5 income with Wholesale in 3 months!

💰Deal Flow Academy Group Coaching begins tonight 7 PM CST!

🏚️ It’s not too late to join us. If you’ve been wanting to wholesale but struggle to find and/or close deals or haven’t been able to generate a consistent stream of extra income this group is for you!

🤝Comment COACH below and I will send you the link to sign up.

❓Who is Deal Flow Academy for?

📚 Deal Flow Academy (DFA) is for anyone who…
▪️Wants to make extra side money
▪️Doesn’t love their job
▪️Wants more flexible schedule, finances, & lifestyle
▪️Has tried/wants to learn how to wholesale
▪️Is interested in real estate, isn’t sure how to start
▪️Has done a few deals wants to do more
▪️Wants to scale
▪️Wants to be their own boss
▪️Wants to build wealth

💰DFA will teach you how to wholesale, what you do with the extra money is up to you! We made $8,000 on our first deal in under one month’s time. You can too.

🤝Ryan will teach you the skills, give you the resources (contracts, scripts, and more), and the guidance you need to consistently close deals that would easily replace your 9-5 monthly income.

🔗 sign up via the link tree in our bio or comment COACH and I’ll send you the link directly

🚨Value add opportunity! Currently a 2 bed, 1 bath could easily be converted into 3 bedrooms! Sitting on 1/3 acre lot with a detached garage and off street parking in a great neighborhood. The home features original wood finishes, a welcoming front porch, and a new roof.

🛠️Rehab needs include a new furnace and AC, paint throughout, kitchen and bathroom updates, flooring, and light fixtures.

💰 Investor MATH
Asking Price: $74,000
ARV: $160K (Based on adding 3rd bedroom)
*Ballpark Rehab: $38,000 (Based on adding 3rd bedroom)
Rent: $900-1,000

💨 This won’t last long! Property is being offered at more than a 50% discount off the ARV. That allows for a lot of equity! If you choose we also have a crew available to do the renovation!

📱 link in bio to more photos and offer sheet on our website. Or call/text Will at 816-253-6277 or [email protected]

📣We’ve got investment opportunities that meet or beat the 70% rule!!!! If you are looking for cash flowing assets and value add investments we’ve got you! *This specific property is no longer available*

🏠This 2 bed, 1 bath shot gun house features 882 sqft with a large living room and kitchen! It has a newer furnace, and vinyl siding that can be easily power washed and brought back to life.

🛠️Repairs needed: Roof, A/C condenser, paint throughout, flooring, and kitchen and bathroom updates.

💰 INVESTOR MATH
Asking Price: $35,000
ARV: $110K
*Ballpark Rehab: $35,000
Rent: $750-800

📱 If you want to see more photos or learn more about this deal and others click the link in our bio or contact our acquisition specialist: Will at 816.253.6277 or [email protected]

🚨Off market property Available!

🏠 This is a 3 bed, 1 bath home that is centrally located. It features a detached garage, a covered back patio, solid foundation, large rooms, and a furnace that is less than 10 years old.

🛠️Repairs needed: Kitchen and bathroom updates, exterior paint, new roof, interior paint, light fixtures, and glass replacement.

💰This property is being offered at 38% of it’s ARV (which to be honest, is probably a little conservative) based on our ballpark projection of rehab you can be all in this property for just under 70% making it a perfect brrrr! ⁉️Oh and did I mention, we have a construction crew that can do the work?!

#️⃣THE MATH
Asking Price: $55,000
*Ballpark Rehab: $45,000 (an educated projection - a full scope of work can be put together once under contract)
Rent: $1,000
ARV: $145K

📱 CLick the link in our bio to view more photos or make an offer. Or call/text Will, our acquisition specialist and he will answer your questions! 816-253-62777

🤩This is an example of a wholesale deal and renovation with Heritage Home Investments.

🥳Big shout out to our friend for letting us show off his project and congratulations on your investment!

👀Are you looking for your next deal? We’d love to help! Comment with questions or sign up on our buyers list, link in bio!

🤨Are you team self manage or hire a property manager?

✏️We have compiled a list of pros and cons from our PERSONAL experience.

🔑Remember: personal finance is personal; just like investments. We all have different goals, timelines, skills, and risk aversions that may tilt the argument to a different side for your situation.

💭 Our opinion is if you plan to scale beyond a handful of doors a rental property manager helps you buy your time back and makes scaling sustainable.

📚 The Book on Managing Rental Properties by Brandon Turner was a GREAT resource that can help you self manage or help you know what a great PM should be doing!

⚖️So, which side do you fall on?! Let us know in the comments below!

🤨We we’re recently asked this question so we thought we would share our response

➡️Swipe for a more detailed answer and example.

⚖️This “rule” measures the price of the investment against it’s gross monthly income

🤗What other questions do you have for us? Drop them below or DM us! We’re happy to help!

💰 We made $42,000 profit when we refinanced this BRRRR‼️

▶️SWIPE for details!

🎉 You’re invited! Tuesday April 11, 8 PM CST.

🔗Click the link in our if you want to listen in. Scroll down to the form at the bottom of the page and sign up. It’s FREE and we have found this to be a great strategy when refinancing a BRRRR!

📚Sharing our hard lessons so hopefully you don’t have to learn it for yourself.

💸We always set aside money for taxes in a specific tax account. We had plenty set aside back in October.

🏚️A deal came along that we wanted to brrrr. We purchased the property with that money set aside for taxes, planning to do a quick rehab and have it refinanced by March.

🤔This wasn’t an absurd idea, it was based on previous project timelines and finances, it honestly could have panned out just fine.

🐣But there is a reason all those clichés are said: save money for a rainy day, don’t count your chickens before they hatch… Because things don’t always go as planned.

⏳A series of less than ideal events transpired over the next few months that drastically decreased our excess cash and reserves. Fast forward to March and we are SCRAMBLING to get this project done and refinanced so we can pay our taxes.

💡Lesson: DON’T TOUCH YOUR TAX ACCOUNT, NO MATTER WHAT

🫠If you want, share a lesson you have had to learn the hard way in the comments!

We soooo enjoyed connecting with everyone at Cup of Joe yesterday morning!

Heritage Home Investments was founded in 2019 by Ryan and Meg Haywood, both natives to St. Joseph, MO.

They started buying rental properties in 2016 as a way to save for their children’s future. At the end of 2019 they were introduced to the concept of wholesaling real estate and made the leap into entrepreneurship. Since then, they have grown their personal portfolio of rental properties from 5 to 35 doors. They have closed about 300 real estate transactions and helped others buy and rehab homes in the area.

Their passion for Saint Joseph fuels their mission: to positively impact the lives and landscape of this community. It is a domino affect that happens when a house is repaired. The transaction helps the seller who could not maintain the home, the buyer looking to invest, the neighborhood where the home is fixed up and the individual looking for a safe, clean, well managed home to live in. Their team has grown to include 5 other employees and together they have aided in the revitalization of hundreds of vacant and distressed properties in Saint Joseph, MO!

🤓How do you finance your properties?

🏡 We converted our starter home to a rental when we moved out, so that was purchased with a conventional loan.

💸Since then most of our properties have been financed with business loans through our LLC. While the interest rate is a little higher it allows us to continue to scale without our personal credit tanking every time we buy a house.

🛍️We already have more than 10 houses so we would not be able to continue to purchase if we were only using conventional loans.

❤️ Like it, if this post was helpful and comment below with your preferred finance strategy!

***This is our personal experience and we understand that all lenders and loan products differ

🤔How do you pay for a rehab on a BRRRR?

💸Financing questions seem to be one of the biggest hurdles people face when beginning to invest in real estate.

💡There are many solutions out there, some may fit your project and preferences better than others, but being willing to think outside of the box and take a little calculated risk can pay dividends in the long run.

🛠️ Drop a comment if you have other resources to add to this list!

🤫I have an embarrassing secret: we’ve been actively investing in real estate for 3 years and I had never calculated cash on cash returns for our investments…

🏡 We live in a cash flow market, it is slower to appreciate but great opportunity for BRRRR. As long as our doors met our minimum cash flow requirement and we could pull most of our money back out we knew the deal would worked for us.

👀 I saw someone else post on COC (I wish I remembered who) and it made me curious, so I found an online cash on cash return calculator, and figured out the numbers on our recent duplex.

❤️ That is some thing I love about the IG community, we can learn from each other. This new bit of information is a new tool in my toolbox!

👉🏻 So, have you calculated cash on cash returns? I was pleasantly surprised with these numbers.

📱Connect with us via the link in our bio!

🎄 Merry Christmas from the team! Wishing you a wonderful Holiday Season and success in the New Year!

We are just missing 2 very important members of are team & .lyks

🎉 Meet our newest team member!

🤗We are thrilled to bring Dee on to help streamline the transaction process!

If you are local to Saint Joseph, join us Friday Morning at The Joseph Company breakfast 🥞 we are excited to get to share some of our story!

It's not too late to sign up for this Friday's breakfast, but don't delay. Our focus will be on "Business." Details and RSVP here: https://thejosephcompany.com/events/the-joseph-company-season-2-breakfast-2/

🎥 What a fun day with some of the coolest people! came to visit and talk shop!

❤️ We love Deal Machine this company, the people and their product have been An absolute MAJOR component to our success. They make the whole process seamless and have everything we need in one App to succeed at lead generation!

🗒 We love using D4D, street pic, list builder, skip tracing, comps.

💰Want more leads sign up with promo code: HHIDEALMACHINE on the Deal Machine App for free marketing credits!!!

🏝 We are so excited to be headed back to Florida for meet up!

🤓Each time we go we learn and are challenged to grow beyond our comfort zones. As well as getting to spend time with some incredible individuals! Since last meet up we…

🧮 Hired an accountant and have monthly profit & loss statements

📞Hired a cold caller

🧰 Expanded our business to include a Make Ready option for investors who want to be more hands off and use our model and crews to manage their rehabs.

🎉 Had our biggest month yet in April

🏢Purchased our 1st commercial property

🚪Finished 2 Brrrrs & added 5 more doors

🙌🏻Are you investing in your relationships and education?! It has been game changing for us!! What things do you do to sharpen your skills?

🏡 Beautiful Historic SFH built in 1871 has been assigned to an investor. Cool downtown location close to a brewery and locally owned restaurants. Currently a 2/1 but will be turned to a 3 bed for better cashflow.

🛠Roof is 10 years old and in great shape. Water heater and HVAC are in working condition. Cosmetic updates such as paint, light fixtures, flooring bathroom, sanding existing wood floors.

💰 THE NUMBERS
Assigned: $60K
REHAB: $15K
ARV: $110K
Rent: $1K +

📱link in bio to get first dibs on deals like this or Call or text: 816-448-8703

📆Hard to believe we are half way through May already!

🧮We are being very intentional about tracking our metrics so we can see what’s working and see what needs improving.

☎️Our system shows we connected with 10% of the sellers we cold called, so of the 6300+ dialed so far about 630 answered the phone and we got 7 leads from post cards last week.

🎯We had an enormous April and May is looking good though we aim to get at least two more houses under contract.

🤩These numbers may look small in some markets… but our market is under 80K in population. This time last year we were celebrating when our monthly revenue was 1/2 of what it is now!!!! This is why we track to see the progress and keep making more!!!!!!!!

😊Meet our next BRRRR! Our FIRST a 4 plex with one bed, one bath per unit!

🔥This lead came in via some city connections a few months ago. Sadly, this beautiful property was damaged by fire and had been sitting vacant since.

📞We reached out to the owners and made them an offer… not all deals are quick and easy; this one certainly was not. It took a lot of persistence and negotiation even after we got it under contract. It was originally set to close last week but after trying to get ahold of the seller and hearing nothing but crickets all day long we wondered if it would materialize. We did our part and signed at closing with the money. Finally after another Hail Mary phone call we closed today!

🛠Despite how cute she looks on the outside we are planning on a pretty extensive rehab.

DEAL DETAILS:
💸Purchase: $30,000 (Private Money)
🧰Rehab: $60,000 (capital)
💰ARV: $250,000
🔑Rent: $750 per unit = $3,000

📱link in bio to get first dibs on deals. Call or text: 816-448-8703

💋 Nothing says romance like buying an office building for your 14th wedding anniversary 😂

📌Located near local coffee shops, boutiques, restaurants and a brewery. It is a beautiful brick building in need of a BRRRR, just like we like them…

🏠 The upper floor will be the home of HHI! The lower floor has 4 offices. But we may convert the largest office to an Airbnb studio because St. Joe is lacking them and this location would be perfect.

🔍DETAILS
💸Purchase: $70k
🧰Rehab: $25k
🔑 As is ARV: $145k
💰Rents: $800-$1600

💋 Nothing says romance like buying an office building for your 14th wedding anniversary 😂

📌Located near local coffee shops, boutiques, restaurants and a brewery. It is a beautiful brick building in need of a BRRRR, just like we like them…

🏠 The upper floor will be the home of HHI! The lower floor has 4 offices. But we may convert the largest office to an Airbnb studio because St. Joe is lacking them and this location would be perfect.

🔍DETAILS
💸Purchase: $70k
🧰Rehab: $25k
🔑 As is ARV: $145k
💰Rents: $800-$1600