All Forum Posts by: Brandon Becsi

David Grabiner I am with your way of thinking on this point..Joe Villeneuve you also make a great point but i don't like giving up cashflow. I guess in the end its preference in your strategy/needs :)

Joe Villeneuve so say the house has an arv of 45k and I want to get 80% cash out of the house.... so (45k x .8 = 36k) that means i would find a partner(s) that would pay me 36k for 80% of the monthly income?

Joe Villeneuve 37k all in with current cashflow $825 per month

George Taylor and Joe Villeneuve thanks for replying, say you have just one 45k arv property that is paid off and you want to refinance/pull cash from?

When I had a traditional home back in the day that i lived in I just paid my home insurance that was bundled in with my mortgage payment... as a new landlord that is buying low income properties cash in higher crime areas .... how do I acquire insurance for the house as well as theft insurance? Say if someone steals the ac unit which happens in high crime areas.

We purchase low income properties for between 10-35k and use them as section 8 rentals between $700-$850 per month. I know that banks dont like doing traditional Mortgages on properties under 60k ish but what about refinancing or heloc? Basically we are buying these houses cash, want to do 6-8months of seasoning then pull our cash back out to reinvest in other cash-flowing properties. What is the best way to do this on homes with arv"s between 30-50k? Thx!

Yes its my understanding that you can simply move in after section 8 moves out, section 8 is guaranteed direct deposit by the government... so not a bad income stream