All Forum Posts by: Andrew Lopez

So I’m actually interested in both renting and flipping. Buying to rent would be better for my current financial situation however. I know flipping I’ll need more cash on hand and more time. I already have the tools and knowledge to fix up a property. Just don’t have the extra cash and time currently. 

I don’t know any real estate investors in my area. I actually don’t know any real estate investors in general. I also don’t know any lenders. I’m not really sure how to go about finding investors in my area or a group/team to work with. I’m hoping I’ll either get a tip on what direction to look into or possibly even get connected with an investor. 

Do you think it’s easier to start off with turnkey properties? I could see it being easier because you focus on the investment side and the buying/selling side of things rather than having to do all that and simultaneously either fix the place up or manage the rehab. I’ve always been more drawn to properties in need of rehab because they can be had for cheaper and I enjoy turning them Into something new and nice. But that being said I can definitely see them being a lot more of a headache to starting out. 

Hey everyone! My name is Andrew and I’m located in the Valparaiso, IN (Northwest Indiana) area. I have been very interested for years now in real estate. Particularly buying properties to rent out for additional cash flow but also flipping properties. I just recently bought my first house so cash is kind of tight but I want to add sources of cash flow more than ever now that I have a mortgage. What is the best strategy to use? Are there better properties to look into for instance an apartment over a house? What are the best ways to finance said property? Are there very loans I would have to use? Do I have to have a down payment and if so how much? With it being purchased as a property specifically for renting and or flipping would my income come into question on the financing side of things? Thank you for reading and for answering my questions!

Thank you very much! In your opinion what would be the best strategy to get into either flipping or renting? Seems like the BRRRR strategy isn't necessarily the best/easiest

Hi everyone my name is Andrew. I live in Northwest Indiana and am currently trying to get into real estate investing. I have been reading the BRRRR strategy by David Greene and while reading about when you refinance to recover your original invested capital I was thinking about the down payment. So when you buy a property do you use a conventional loan or something else? How big of a down payment is used if any? And then once you refinance to recover your capital what type of loan do you refinance under? How much of a down payment is put down? Obviously down payment size effects equity, how much you'll profit each month if the property is kept, how much you are able to pull out with a refinance etc.