All Forum Posts by: Brian Bandas

It's that time again! Once a month we meet at Crow's Nest in Green Hills in Nashville to push one another toward our investing goals. Whether you want cashflow and freedom or equity growth and long-term wealth (or how about BOTH?!) you'll find like-minded people to challenge and equip you to move toward those goals.

We have recently introduced ACCOUNTABILITY to this group--each month we set a goal, and the following month we check in on one another to see if that goal was accomplished.

Come be a part of a community that is focused on generosity, and PRACTICAL APPLICATION. We don't want to just talk about real estate. We want to DO IT.

Join us to network with other folks who are motivated to create generational wealth and financial independence!

We'll be talking about the shifting real estate market, as well as multi-family investing, rehabbing and more.

See you there!

Come enjoy a cold beverage and some blackened fish tacos! (At least that's my favorite!)

Last month's meeting was fantastic, and we've introduced something powerful to this group of like-minded people: 

ACCOUNTABILITY.

People who truly desire to accomplish big goals understand the importance of accountability and embrace it as necessary to push themselves forward!

We don't want to just be another group of people who talk about investing and do nothing. We are pushing one another toward action. We are identifying next steps and going from talking to doing!

Join us to network with other folks who are motivated to create generational wealth and financial independence!

We'll be talking goal-setting and accountability, as well as multi-family investing, rehabbing and more.

See you there!

Hey hey everyone!

Our monthly Invest at the Nest is going to be fantastic!

We are continuing to share knowledge and experience, and find ways to push one another to the next step--whether that's your first deal, or you 100th deal.

Come enjoy a drink and some tasty fish tacos (at least that's MY favorite!) and connect with other like minded people!

The spirit of this group is generosity - we share all that we can, we encourage one another. Rising tides lift all boats!

See you there!

I'm beginning to seriously consider investing in rental properties in a city about two hours from me. The purchase prices, cashflow, and ROI that are available there are far better than what is available in my city, which has seen values blow up in the last few years. I also believe in the longer-term upside of the neighboring city and am excited about the potential equity growth there.

I'm curious, for those of you who have invested from afar like this--what single resource or piece of advice will made the biggest impact on my success investing in another city?

What's up fellow Nashvillians (and Middle Tennesseans)! Who's ready to build financial independence and generational wealth?!

Last month's meetup was maybe my favorite yet! We talked about what things are holding us back, and challenged one another to consider: "What would you do today if you knew you could not fail?"

This month, we're going to continue to build relationships with like-minded people, learn from one another, share deals, and best of all, I'm going to share with you guys what I'm learning right now as I lose $30k on a flip.

Sound fun?? I know I'm psyched!

This is a group that is focused on generosity--a rising tide lifts all boats--and networking and building relationships with people who have similar values and goals.

So even as I'm getting my butt handed to me, I know that I can contribute to this community by sharing some very specifics lessons on ARV, as well as some lessons on mindset.

I look forward to seeing you all there!

This is already super helpful. I've recently built a pretty good relationship with a commercial lender but haven't brought this up. I guess I'm making that phone call tomorrow! Thanks!

So I guess the key questions are

1) Am I wrong about the cash out refi requiring 6 months of seasoning on title?

2) Am I wrong about the cash purchase variance being capped at the original purchase price?

I'd like to dial in my execution of the BRRRR method. I've been flipping homes to create capital infusions, but that is only meant to be in service of purchasing more rentals at a faster pace without having to wait for 20% down payments.

I know the BRRRR method is another way to accomplish this, but I'm running into a conundrum.

Here's my understanding, and I'd love for someone to educate me on how to do this a little more effectively...

First, I am thankfully very bankable. I am under 20% of my DTI so I don't even really have to have a signed lease or renters in place to get the loan. But what I'm running into is the fact that in order to refi out without 6 months of seasoning on title, I must use the cash purchase variance--is this a Freddie Mac thing, I think?--which allows me to pull the money out immediately, up to 70% of appraised value.

HOWEVER, I'm also under the impression that that number is capped at the purchase price, regardless of equity percentage. So any money I put into renovation on top of the purchase price--even if the total still came in well under that 70% mark--would be stuck in the property, which would still limit my purchasing ability to how quickly I could save money.

At this point, I'm back at square one. Instead of saving for down payments, I'm saving for renovation budgets, I guess, but it's still very limiting.

I'm bankable and have a pretty solid foundation of understanding of how all of this works, with a handful of rentals in place and a handful of flips under my belt. I get this concept completely but seem to be one step away from really being able to rinse and repeat this.

What am I missing?

 The next one is tomorrow evening from 4-7pm. Come any time, you don't have to get there right at 4. From there, I do one every month at the same place. Let me know if you want to me on the email list and you'll get emails to let you know once they are scheduled.

Hola folks!

We are back at it at the Crow's Nest - talking real estate investing and pushing one another towards greater heights!

This is a group focused on building relationships in the investing community, and generously sharing whatever knowledge, relationships, resources and experience we can to help each other hit our massive goals of financial independence and generational wealth.

We network for a while, enjoy some libations and good food, and then break for a minute to talk more in depth about various questions that people have that are holding them back from their next level.

Hope to see you there!