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Updated almost 7 years ago on . Most recent reply

User Stats

49
Posts
4
Votes
Sohrab Ansari
  • Investor
  • Ann Arbor , MI
4
Votes |
49
Posts

Help!! what is keeping me from NOT doing this. :((((

Sohrab Ansari
  • Investor
  • Ann Arbor , MI
Posted

I feel like I am not where I want to be. 2017 went by and I have zero properties. :( I really like the strategy for BRRRR. I want to have 25 homes in the next 3 years that ranges between 120-180k. I almost have all the resources and tools. The tools and resources I have.

- Cash in the bank (150K)

- Credit score over 800

- Great yearly W2 income (over 6 figures) 

- Know a Protfolio local banker that is welling to finance 8 million to me. The bank said they will refinance 70% ARV every deal I bring him (upto 8 million). He also said once I have more assets he will give me 500k in line of credit. The bank already financed 1 mil to me (another business).

- Pre - approved unto 500k in loan with zero dollar down that could be used for primary housing or duplex or quads. 

Things I don't have 

- rehab experience 

- Much time

Please help me get going. I am tired of the rat race. Help me get my first deal. Please give me actionable ideas. 

Most Popular Reply

User Stats

17,995
Posts
17,195
Votes
J Scott
Pro Member
  • Investor
  • Sarasota, FL
17,195
Votes |
17,995
Posts
J Scott
Pro Member
  • Investor
  • Sarasota, FL
ModeratorReplied

Actionable Item #1:  Find a deal

Actionable Item #2:  See Actionable Item #1

You haven't found a deal because you have put in enough work.  Really that simple.  If you put in the work, you'll find the deal.  If you never found the deal, it's simply that you refused to work hard enough.

Sorry to be blunt, but it's the truth.  You say you have all the resources to be successful...so it's up to you.

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