All Forum Posts by: Bryan Lowman

I am in the Staunton area and am looking for BRRRR properties in the areas as well. Let me know if anyone is in my area that wants to meet up. I am new to this and am always ready to learn and grow.

Jaron thanks for the reply. I really want to do the BRRR method but have been having trouble finding deals in my price range which is what has been making me reconsider my approach. I will just keep my nose to the grind wheel and storing cash until I can find something in my range. Just hard to sit sometimes and wait.

I have been trying to find some wholesale deals with no success as well.  If anyone knows of anyone in the - Staunton - Harrisonburg - Charlottesville Virginia  are that can point me in the right direction please let me know.   

Thanks for all of the help.

Bryan

Need some guidance please. Recently sold a home and have cash available to make another purchase. I have roughly 150k to invest in my next property and am having trouble finding one in my price range to be able to BRRR. Should I hold out until I find one or would it make more sense with the way the market is to go ahead and do one or two 15-20% down conventional loans to get the ball rolling? Ultimate goal is town own single and multifamily homes for the long term.

Thanks for the help!

Bryan

Hello bigger pockets team. I am a new investor in the Staunton - Harrisonburg - Waynesboro VA area. I am looking to BRRR and Flip homes in my area. Would love to meet up for a coffee or Beer :) to talk about investing strategies. I recently have sold a home that I had converted to a rental property after not being able to sell it several years ago. I now have cash in hand and want to make sure that I am using it in the correct way to purchase as many rental properties as possible. My goal is to be able leave my day job within the next two years. Any one that would be willing to hep guide me would be greatly appreciated.

Looking forward to you everyone's response and to being part of the Team!

Regards,

Bryan

Hello all

Looking to sell my first rental property that was previously my home. I have rented the home for over six years now and am wanting to sell it now. I will not be doing a 1031 due to the current market conditions in my area. I need to do several repairs to the home before I list it on the market and was hoping to do the repairs myself. From what I have been reading it seems that I will only be able to deduct the cost of the materials for the repairs and not the labor because I will be completing the work myself. Would creating a LLC and billing the repairs through the LLC be the best way for me to reduce the taxes on selling of the property?

Thanks for all of the help in advance!

B

I purchased a home in 2005. We lived in this home for 10 years and then relocated to our current home. In 2015, the market was terrible, so we would have had to sell the home at a loss. Therefore, we decided to rent it out. We have been renting to the same tenant for the past 6 years. She has now decided to move out in pursuit of purchasing her own home. I live an hour away from this rental home, which causes maintenance and repairs to be difficult. I am considering selling this rental property and searching for a rental property closer to home. I have been researching a 1031 exchange, but I am concerned that I will not be able to find a property for the exchange in a timely manner. This being said, how do I evaluate my current rental property as an investment. Most of the tools I find are for new purchases.  Don't want to make the wrong move.

Thanks for the help.

B