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Updated about 3 years ago on . Most recent reply

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4
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Kaylee Steiff
  • New to Real Estate
  • Columbus, OH
5
Votes |
4
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Newbie Questions - BRRR and Fix and Flips

Kaylee Steiff
  • New to Real Estate
  • Columbus, OH
Posted

Hi there! I was born and raised in Columbus, Ohio and I want to get into the real estate game here. 

I have a couple of questions that I was hoping someone with more experience might be able to answer for me.

When you are looking for a potential BRRR or possibly a fix and flip, do you prefer off-market deals or have you ever worked with a buyers agent? What do you see as the pros and cons to these options?

When you know you want to secure a hard money loan (and then refinance later) do you reach out to these lenders ahead of time or after you have a deal in contract? 


Thanks for any advice!

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5,471
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Remington Lyman
  • Real Estate Agent
  • Columbus, OH
6,443
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5,471
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Remington Lyman
  • Real Estate Agent
  • Columbus, OH
Replied
Originally posted by @Kaylee Steiff:

Hi there! I was born and raised in Columbus, Ohio and I want to get into the real estate game here. 

I have a couple of questions that I was hoping someone with more experience might be able to answer for me.

When you are looking for a potential BRRR or possibly a fix and flip, do you prefer off-market deals or have you ever worked with a buyers agent? What do you see as the pros and cons to these options?

When you know you want to secure a hard money loan (and then refinance later) do you reach out to these lenders ahead of time or after you have a deal in contract? 


Thanks for any advice!

 I know people who source their own deals and people that work with Realtors here in Columbus, Ohio. It just depends on how much time you want to put into finding deals.

I would connect with hard money lenders now. The sooner you make the connection, the better.

  • Remington Lyman
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