All Forum Posts by: Brian Canady

So my family and I bought a new build home dec 2015...home prices were going up at the time from when we originally started looking after my wife and I got married in mar 2014, but we were comfortable with the price we paid. Same builder has bought a new subdivision and is building same model and floorplan of our current home at almost 100k higher price points. I want to say that my biggest thing is freedom from work (9-5) so i can do real estate investing full-time. I have 4 rental properties (essentially gifted to me from my father) but I am looking for a good way to go further and build my portfolio. So my scenario that I am thinking of would be similar to this. Currently sell my home (we have another place we could live for essentially dirt cheap and wifes income could cover any outside costs) and potentially be looking at 130k of tax free money for profit to go in a new purchase. I want to get into multi-family So I am wondering, would it be beneficial to go and BRRRR like 2 SFR and get the equity and then refinance (lowering cash flow but allowing for another deal - if all works out well) or take that 130k and put majority of it down on a multi-family 4 or 5 unit that is essentially Turn-key tenants already in place no value add but could cash flow higher due to decent/low mortgage not being as high if i was to completely rehab a Multi-family place and then rent it out and BRRRR that type of investment. Any suggestions/solutions would be beneficial. I know its all based on deals and how they work out, but just wondering for the sake of me not working to continue to find and do real estate investment deals would it be best to cash flow now with putting majority of the money down or continue working BRRRR a couple of SFR homes or maybe even a multi-family place as well and then have slower cash flow but build equity to continue to grow the portfolio...Again any help would be greatly appreciative. Thanks. Here in the KC/midwest area market as well.

 Thanks for the reply, I think the similar condition is something I have a huge struggle on, without just going up and asking to see peoples homes, but I think this gives me at least a good foundation for basing out information. Thank you again so much.

 Thanks for the reply and information. Greatly beneficial. Currently I have been looking in the area of grandview south raytown and south kc. About a 15 mi radius from the new cerner campuses is where I have begun searching, also i have been looking into independence as well as of recently. I have quite a few zip codes on realtor.com sending me homes as they come available but im really interested in the area around cerner right now. I see that you are in KC as well, and you are an investor. Can i connect with you and chat with you out of this thread? thanks.

Hello All, just joined after joining the webinar last week decided to go Pro and all in currently. I am in the Midwest, Kansas City, MO to be exact and currently have 4 doors (luckily i was put in a very advantageous position where my father gave me those 4 after he did this and retired after being laid off years ago (frugal man and lifestyle i know) anyhow, I am looking to grow this portfolio and looking at Single family rentals and possible 2-4 unit multi-family rentals. I am very interested in beginning the BRRRR strategy after listening to some podcast episodes and recognizing the value of real estate. My biggest question would be when looking at a home, when or how do you calculate the ARV, for people investing and doing BRRRR's are you just looking at comps or are you actually speaking to appraisers and telling them what you plan to do and getting a rough estimate? Any help or point in a direction on where to search or look for how to calculate ARV on homes would be greatly appreciative as that seems like the biggest piece i'm missing within the rehab process. I am pretty handy (thanks to the same father mentioned above) and also have access to handy guys for important things like electrical and HVAC. But realizing what rehab can do in terms of property value is just something I have no knowledge of and look forward to fully understanding. Any help or direction would be greatly appreciative! Thanks and happy to join the community!!