All Forum Posts by: Arturo Ceballos

@Sam Trulli

Leverage, Leverage, Leverage. That's good seed money. I'd start off with a few BRRRR's. If done correctly, you should still have a good chunk of that money when it's all said s done.

@Emily Wilson Litzinger

Most lenders will allow you to refi @75% (LTV). In this case your ARV is $105,000, so you have

$78,750 to work with if you calculated your number conservatively. I usually take this number and work backwards.

Subtract all expenses from $78,750. If you break even and leave zero money in the deal, then I consider it a good deal.

Just make sure the property cash flows after the the refinance.

Good luck.

Hello,

I'm a newbie in the RE world and I'm just now starting my journey. My goal is to buy and hold single family homes and build a portfolio. Iv been educating myself on the BRRRR method as this seems to make the most sense to me. I'm starting off small.

-I’v owned my home for 6 years

- $150,000 in equity

-$ 30,000 in reserve’s for rehab $

-combined house hold DTI 30%

-699-700 credit score

My question is, “Is the Home Style Loan a good option for what I’m trying to do? I would love to hear some feed back.

Thank you ,

Art Ceballos

@Latavia Banks

I’m not sure about your personal situation but, I would find a way to purchase (conventional loan) the duplex and live in it. Set a solid goal for 1 year:

- Save as much as you can

-Read as many books as you can on RE

-make sure your personal finances are in good standings

- credit score

-DTI

Most HML or Privet Lenders feel more confident entering a deal when you can contribute more.

@Michael Nyszczot thank you for the info.