All Forum Posts by: Bryan Contreras

@Mark Frattini

It took me approximately 3 years to develop the equity in my home to $200k. It will take me about 4-5 years to earn $200k via cash flow through out of state real estate investing.

Take it easy gents, we are all professionals here and have many similar interest. 

Lets understand that we all have different backgrounds and development so lets respect each others view points. No need for hostility and belittlement.

@Blake Park thank you.

@Blake Park thank you.

@Brandon Sturgill,

Thank you, I appreciate your input. 

I have to wait because my tenant's lease is up in March next year. Then I'll be able to sell the house and use the money to BRRRR OOS.

I'm also in the learning phase and want to gather as much information as possible to properly develope my risk register. That way I'll be able to develope my business plan and management plan. 

More to come. 

Thank you

@Brian Gerlach, have you tried BRRRR out of state? What was your experience like?

Thank you Dan. And thank you Allen.

I think I'm going to keep the house and cash out refinance then come up with the remaining money through saving. I can do this within 1.5years then I can begin the magic of BRRRR out of state.

Hello Dan, thank you for the thoughtful reply. You've given me some points to think about. 

Yes, the appreciation is from the single property in Chula Vista. Bought in 2018 for $491K and his it's easily worth $620k. I purchased a condo downtown next to the ball park early this year. I own two properties and have owned a total of 3.

Yes, agreed, appreciation here in San Diego is one of the best. My dilemma is that if I continue to buy here in San Diego, it would have to be every 4 years at 25% down. I guess I could house hack and move into the next one as my primary residence. How did you develop the capital to get passes that that third property purchase? I know you're well beyond that, but do you remember that point in your journey?

Bruce, Agree. I need to get more comfortable buying out of state. Have you  purchased out of state or do you mainly focus in the Prescott Area?

Thanks Bruce