All Forum Posts by: Ben Gammon

If you have a city singled out then focus on a section of that city and look at the housing market there daily so you'll know a deal when you see it. 

I've heard of a lot of people having success with the BRRRR method to scale

Ask for proof of funds

I have a 3 unit building I bought for $4K. After the rehab it is a cash cow and cash flows quite nicely. 

The goal is asset protection. I see it as you can either go the LLC route or the insurance route. I know some investors that have $2M in umbrella insurance and prefer the freedom this provides. It's cheap in Ohio to create an LLC so I just create an LLC for each property and name it after each property. There are some extra hurdles to this, mainly in tracking expenses/income closely between properties but I think those should be tracked anyways so I think it's worth it.

Madtree is a big place, how do we know which group to walk up to? I assume no one is dressed as a house. 

Is it always at Madtree? 

@Remington Lyman, I too would love a copy of your list of contractors. Do you have any contractors you are looking for yourself? 

Congrats on getting your license Sam! You should start with a duplex. 

Hey Reed, 

House hack a duplex. The goal is to just break even. 

Most people's biggest expense in life is housing. If you can have a rental that pays the mortgage for you while you keep up your 'payments' into a savings account you can use it as a down payment for a 2nd property. Like everyone else on here you WILL make mistakes on your first one and that is OK. It's better to have a $1,000 lesson on a duplex than a $20,000 mistake on a 20 unit. GOOD LUCK!