All Forum Posts by: Ajay Kumar

 Yes - 'Your own money not needed'. I was also told I could reduce my W2 taxes by a significant margin- which I was very excited about, which I now realize is not true.

Is it true you're able to offset your W2 taxes with BRRRR?

 Thank you Nicholas.

@Carlos Ptriawan That's the whole reason I am being very cautious at every step. I can't afford to mess up or I will be back to where I was two years ago. 

@Jason Wray Thank you for the detailed reply. I was interested in the GA market too. I am going to start being more active on here. What loan program is the 15% down? Are the interest rates similar to FHA?

Trying to find my first BRRRR for almost 5 months now. There are 'OK' deals in the market but the borrowing cost now is so high, I am kinda scared because of the contractor stories I keep hearing. Every 10 stories I hear about contractors, 9 of them are negative, not just on BP but on all social media sites.

At first, I wanted to buy a primary residence 4 unit (have an FHA pre approval), then I changed my mind &decided to use the downpayment to BRRRR a house (NJ, PA, CT. NY)

I came across an FB group with a massive following that offers mentorship for $6k. They said they will help with everything - finding deals, lending, all contracts, going over deals for the first few months. They also said I will be able to offset my W2 income with BRRRR (how true is that?). I have been researching & analyzing BRRRR for almost 5 months & have run out of patience.

Is the mentorship worth it?

Hi Alan, Messaged you.

Trying to put in an offer for a town house in Philadelphia, that needs full rehab. Looking for a real estate agent in Philadelphia to give me a CMA/ARV of the townhouse. Will cashapp you whatever you think is reasonable. Message me directly.