All Forum Posts by: Alexander Canalini

Hi BP,

I am at the stage where I am analyzing deals on a daily. I was told when you first start off to start with MLS listings (Zillow, etc) My question is, how do I find a good deal that I can analyze on the BRRR Calculator when the deals that are on the MLS are already at market price (mostly)?

Hi,

I’m looking to connect with new investors in the Austin, TX area. Hoping to share information as I am also beginning my journey. Go further together right? How are you guys approaching this new journey? What classes/books/podcasts have you found helpful?

Currently I’m listening to Real Estate Rookie, I’ve found this to be very inspiring. Reading ZillowTalk, helping me understand the overall picture, Skip the Flip, easy to read and very digestible. And I’m currently looking for classes; any recommendations? I do have an active subscription with Skillshare..

Wish you success on your journey!

@Mark Caudill awesome!!! Looking forward to following your journey!

@Brian Kantor thank you!!! Yes, I’m looking at a few courses and will look at the one you recommended. The timeline you gave was very helpful. Look forward to seeing your journey and best of luck!

Hi all, "hypothetically" speaking let's say you have 40k cash to invest in real estate. You live in an area like Austin, TX where the market is fire. There are only a few duplexes active in the MLS currently, and all at around 600k-700k. This purchase will not be an owner occupied home because buyer already has a primary residence.

Question:

If the buyer wants to BRRRR, can this be done with such a high sales price?

If the buyers buys it as a conventional loan, this will require a 20% down payment. Would the buyer need to find more money to go this route?

How would you BRRRR in this scenario? How would the refinancing work? And what are the rates and charges this buyer is estimated to spend at closing?

Any help or direction is appreciated! Thanks! Cheers!

@Marlen Weber thanks Marlen, how long have you been in the game?

Hi BP! I am a new newbie; I signed up yesterday after the webinar and am ready to hit the ground running. Just set up my profile and am doing the 30 days analyze deal challenge, (1) deal for 30 days. Any tips on how I can best approach this? How have you had success doing this, and how long did it take you to get your first "real" deal? 

I'm looking to make some genuine connections; cheers, and happy holidays!