Hey everyone, my name is Shaun. I’m newer to real estate investing and could really use some advice from investors with more experience. I recently purchased a property through a wholesaler in Indianapolis in the 46221 ZIP code. The property was marketed as a row house with D-3 multifamily zoning...
Hello!, How to analyze a property quickly SampleUseCase: House sells for $300,000 fixed up. Repair budget is around $60,000.$300,000 x 0.75 = $225,000 0.75 factor to account for profit, closing costs on both ends, agent fees when I sell, and the months I hold the property while it is being worked...
I've been thinking about this more lately. You get a property bought and renovated, and now you have two pretty different paths: sell it and move the capital into the next deal or hold it as a rental and refinance. Obviously, the numbers matter, but it's not always as simple as just picking which...
Hello, I am in the early stages and need to build my team before I buy. I'm also trying to learn how to analyze the deals myself rather than just relying on someone else to tell me whether a property is a good deal. I am working on understanding ARV, comps, rehab costs, rental comps, DSCR, refina...
Does it really matter if the wholesaler you're dealing with has experience or not? I went to my first KREIA meeting last week, with the hope of meeting a wholesaler, after having a conversation with a HML who smartened me up and made me realize that most investors get their properties from wholes...
Hello, my name is Jeanette. I am a current investor I’m looking to become a hard money lender. Is $100,000 a sufficient amount? What details can anybody give me such as what to look out for, what should be in the contract, and if anybody has any leads thank you for your time. I look forward to yo...
Investors with experience in the BRRRR method and fix and flips, what are the best spots in Middle Tennessee to invest in right now? I know Murfreesboro is very desirable right now but outside of that, where are you looking to buy?
I am only a few short weeks away from completing my first BRRR! I am now on the search for a lender to refinance cash out. Some general info Located in Chattanooga TN My LLC owns the house outright (paid cash). Not sure if this is helpful to know. If you know of a great lender that you have had t...
I’m interested in purchasing an investment property in Calumet City, Illinois. The property is a 3-bedroom, 1-bathroom single-family home that appears to need only minor renovations. It is currently occupied by a Section 8 tenant, and according to the owner, the property is up to code. The owner ...
You're in the middle of your BRRRR strategy, you've bought a property and got funding from hard money. You've rehabbed, rented the property out and you're cash flowing. Now it's time to refinance. Your hard money lender does DSCR cash out refinancing, but you also know a mortgage lender that you ...
For investors who have built equity in a property, what usually makes you consider refinancing? Is it primarily: Accessing equity Restructuring existing debt Funding another investment Improving liquidity Financing improvements What usually triggers the conversation for you?
I am from California and am interested in doing some out-of-state real estate investment. I’ve been looking around at properties in Memphis. I would like to do something like a BRRRR strategy. In order to do that I know I’m going to need a good team. I would really appreciate some tips on how to ...
Hey everyone, genuine question here from a new real estate investor. I know every market is different when it comes to renovating a property a certain way to force appreciation and wanted to know what I should be focusing on to do just that here in Kansas City. I have been very curious how invest...
One thing I don't see talked about much with BRRRRs is what happens when you want to start the next project before you've gotten most of your money back from the last one. Say you have one property being rehabbed and another waiting on the refinance. Now you've got a pretty good amount of capital...
Mortgage rates have moved back above 7%, oil prices have surged, and long-term interest rates are near levels we haven’t seen in almost 20 years. For real estate investors, this matters because the cost of capital can completely change whether a deal works. Mortgage News Daily’s national benchmar...
I'm doing a DSCR Refinance and have started the process with them. Is anyone familiar with them? Thank you.
I've just recently learned that there are wholesalers who you can get properties from. What I didn't realize, is how hard they are to find.
Hello I'm an out of state investor that would like to get into BRRRRs. The problem is I'm out of state! I was wondering if there is such a thing as a project manager or something similar that oversees everything, to include the sale, GC, walkthroughs, and lastly the handoff to the property manage...
The Portfolio Ceiling Most real estate investors hit a wall around property #4 or #5. It’s rarely a lack of deals or capital, it’s hitting the conventional banking wall. When you try to scale a growing portfolio using standard W-2 guidelines, DTI limits, and personal tax returns, traditional lend...
As an investment property appreciates, there's a difference between simply having equity and actually deciding what role that equity should play. Do you prefer to leave accumulated equity untouched, or do you periodically evaluate whether it could support another part of your investment strategy?
DC/Kingman Park landlord question: I own a 4-unit building and currently have 3 vacant 2BR/1BA units around $2,400-2,500/month. Leasing has been slower than expected, and management is suggesting another rent cut. A recurring objection from prospects is no in-unit washer/dryer. I’m considering in...
After reading Rich Dad Poor Dad—the book that seems to lead every young investor into real estate—I decided to take a leap of faith when everyone else said I was crazy. I bought a house on Gregory Street in Rochester's South Wedge. The neighborhood was not like it is today. Blight and crime were ...
I’m under contract on a property in Aiken, SC (near the mall/ retail) and would appreciate some perspective from investors who have done BRRRRs or owned rentals in smaller Southern markets. Purchase: $87,500 Appraisal: $110,000 Seller credit: 2% Expected rehab: ~$25K–$30K Expected rent: ~$1,300/m...
Hi everyone, I'm in the Westchester County, NY area but work regionally. I recently got into private lending and building a development company for rehabs and other projects. I'll looking to build a strong network of likeminded people and organizations to work on real estate ventures across the U...
Memphis operator here - buying, rehabbing, and refinancing rentals since 2003, few hundred doors, my own crews. I've watched a lot of BRRRRs die over the years, and here's the uncomfortable pattern: almost none of them die at the purchase or the rehab. They die at the refi appraisal, which is the...