All Forum Posts by: Brandon Rabe

Thank you @Caleb Brown and @Elizabeth A Shatzkin for reaching out!

Hello!

I'm an out of state investor and after some market research and sifting through BP threads have decided to get into the Kansas City market. If you are or know of a great realtor or contractor, please feel free to reach out! I know I will also need a property manager, so any recommendations of who I should contact or stay away from are greatly appreciated. The BRRRR strategy is what I plan to implement and building lasting relationships for repeat business is what I hope to achieve.

I look forward to hearing from you, and also want to hear about your goals and how I can assist with that!

Thank you, 

Brandon

@Morgan Madill I definitely recommend that book. It's great and has given me the confidence to start investing from afar. Good luck on your journey!

thanks @Roman M. for the reply

So I unexpectedly managed to get two people to loan me money on a SFH BRRRR deal through conversation. The problem I have is how do I structure a loan with multiple people in it? They're both in my close circle, but do not know each other. With the two of them together, they would finance the acquisition costs, and I would finance the rehab. But how can I protect both of them in a way as if I had only one lender and put he/she in 1st position? Should I be speaking with an attorney about this?

Or should I suggest we talk again later once they have more money to invest so that I won't have to split equity with more than one lender?

Welcome @Debbie Wilcox! What’s helped me so far is going to meetups and reading @David Greene ‘s Long Distance book. Good luck and maybe we’ll run into each other at a meetup!

@Roosevelt Thomas best of luck to you man! I'm in the exact same boat as you. I'm currently raising money through private money lenders in my circle to cover acquisition costs and rehab costs. Alternatively, I'll cover rehab costs with credit cards and/or capital I accumulate from now till that time comes, and my lender(s) cover the acquisition costs, then repay them first at refi time, then the CC's and hope to not have to leave too much cash in the deal.

Best of luck to you! Can You DM me the address of the property? The picture looks very familiar. Thanks for sharing both sides of real estate investing.  

@Mark T. check out REI Professionals Lunch - Downtown Honolulu

Hi Mark welcome to BP! I'm fairly new as well going to meetups and looking to build relationships with PM lenders. Great to have another Hawaii member here!