All Forum Posts by: Anne Christensen
Anne Christensen has started 16 posts and replied 49 times.
Thanks so much Jonathan! I would love to connect with them and you.
Quote from @Jonathan Greene:
Less than .1 percent of real estate agents are really investor-friendly and invest themselves. Most don't know anything at all about investing and a lot want to work with investors, but don't invest so don't have the experience.
Pittsburgh is a good investment market so there are going to be strong investor-friendly agents there. I don't personally know one, but I have friends who has a couple doors there who I could put you in touch with. They are a couple and have nothing to pitch, just investors.
This is incredibly helpful advice! Thank you so much.
Quote from @Jeremy Taggart:
@Anne Christensen BRRRR can still work here on the equity side of things. Plenty of fixer upper homes that have good margins after rehab. You just won't really have a ton of positive cash flow right off the bat if you are refinancing at 70-80% LTV at today's interest rates.
Multi family you can get both but those are tougher on the equity side of things since they cost more to rehab compared to a single family home. So won't tend to find as many oppotunities that work to maximize equity gained like single family homes.
For single family homes you'll want to stick to neighborhoods under about $225k ARV in order to have rent/price ratios that make sense on the backend for holding as a BRRRR. In most instancdes anything higher than that is more flip territory now with the higher interest rates.
Hi,
I'd love to hear success stories from investors in the Pittsburgh area! I am researching the city and surrounding areas and seriously considering it for my first BRRRR. Can anyone recommend a great REI friendly agent? I read a few reviews on an agent that came up on BP and they were not great. Many thanks!
Post: Our Why and the Best Strategy to Acheive Our Retirement Goals
- Posts 49
- Votes 30
Quote from @Nathan Gesner:
Quote from @Anne Christensen:
I don't think it's too late at all. I started investing at the age of 47. I just turned 55 and have 33 rentals and 135 storage units.
You may be better off buying as many properties as possible for the next 5-10 years, then paying them off, starting with the smallest mortgage and working uI p to your largest. You'll have 100% equity and can live off the cash flow the rest of your life.
Post: Our Why and the Best Strategy to Acheive Our Retirement Goals
- Posts 49
- Votes 30
Hello all,
My husband and I are a bit late to investing, but we know it can help supplement our retirement. We are about 10 years out. I don't think we will ever have enough "doors" to replace an income in this time frame, but we would like to get to 5 doors in the next 5 years which we would sell in 10-15 years to help supplement our retirement income. We are considering long term holds using the BRRRR method focusing on marekts that will be likely to appreciate to reach this goal but have also heard a flip in today's environment may be a better place to start. We have good cash on hand to start and very good equity in our primary home for any rehab costs. Any advice would be greatly appreciated!
Post: Best Source on Local Markets for OOS Investors?
- Posts 49
- Votes 30
Hello,
I'm following BP's Market Finder, which is amazing. I know there are many nuances in each market. I'm considering out of state investing. Are there any on-line government sources of truth for any particular city's future infrastructure/expansion/city planning plans or any private company tracking these initiatives?
Post: Are Meetups a Good Strategy for Networking or am I Just going to get "pitched"?
- Posts 49
- Votes 30
Thanks so much Mohammed. This advice is greatly appreciated. :)
Post: Are Meetups a Good Strategy for Networking or am I Just going to get "pitched"?
- Posts 49
- Votes 30
Hi,
I see BP doesn't sponsor any meetups but I've heard they are a good way to network. Can anyone recommend a reputable networking group in the Washington, DC metro area?
Also, what is the best way to network with other out of state investors/potential partners? I'm considering out of state investing, since DC is a fairly pricey market. Thanks!