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Updated about 5 years ago,
How to use the BP calculators correctly
I had to repost this, I wrote some things accidentally promotional. Took that out. Let's try again.
I've been doing my homework after listening to podcasts, watching many webinars and trying to connect with people locally. I've hit the roadblock/challenge of being able to meet face to face with investors, unless its local banks, which I haven't spoken with yet, only because I'm not really sure how to approach them and ask for a loan.
The same goes with HML. I have no local investors to buddy with in my area, also a challenge. I'm in Hamilton county. If you can prove me wrong, and point me toward someone in my area, I would forever grateful.
I have some great numbers on properties, using the BP calculators, on a few (of the dozons) that really stand out as being worth time and money.
Using those reports, how do you go about approaching a HML or someone you want to partner with, or a Bank when you want to refinance using BRRRR. I've found what looks like a total gem. I want to get my hands on it using OPM because like a lot of newbies, I have no start-up capital.
I've read that investors and partners want you to do the legwork if you have no $ to out Forth. I do leg work LL DAY, I have no problem doing it. I'd rather do that than try and save up $20K only being able to stash away $100 / mo.
If you want to see the numbers that I've run, you can tell me if you think it's a good deal, and how to go about snagging it (since I'm pretty green, I need some direction and a little push). Let me know and I'll email you what I've come up with.
I look forward to hearing what you all have to say.
Thank you all in advance. Every word is gold to me.
P.s.
As far as meetups and REIAs, the closest ones to me are 95 miles away.
Any advice on how to work with this while holding a pretty strict 8-5 m-f would be awesome!