All Forum Posts by: Chris Mignone

What's up everyone, I am an aspiring real estate investor. I am also in the military so I am eligible for the VA loan. I currently don't have any properties, but I am actively looking for a house hack in the city of Huntsville, Alabama, so I can stay there and continue schooling. I see maybe 1 or 2 potentials(4-plexes), but I haven't ran the numbers yet. I have been watching bigger pockets on YouTube for some time now so I decided to come here and hopefully get more education and help before I decide to make the hardest step in investing in real estate which is the first one. I hope to be a guest on the show one day. Anyways once again, Hello!

Fairly new to investing and I am looking for some opinions on BRRRR rentals that don't perform well right now with the high interest rate but are perfect when it comes to getting your initial investment back out. Yay or Nay?

Example of one of mine - 

After the refinance, I was able to pull out my initial investment of 87k plus an extra 21k. Which was great and allowed me to keep pushing forward. Now the issue is, with the 7.5% rate after refinance. It only operates at about a net 6% CoC return after taxes and insurance are paid. I look at it both ways, I essentially got it for "free" but it doesn't bring home a ton. Are you guys calling this a good deal and just wait for rates to drop so it cash flows better? Or a bad deal, and I should probably dump it? I have a couple right now that all fall under the same circumstances so really curious as to what everyone thinks.

Thanks for any thoughts!

Hi All - I am looking to buy my first investment property and I have been researching markets. I am currently in between Charleston, SC and Huntsville, AL. My goal is mostly around cashflow (with high mortgage rates, even a modest amount is good) in an area with a good amount of appreciation as well. I know it depends more on the neighborhood I choose in the area, but would love to know from the more experienced crowd here which market has a higher probability of meeting my goal. 

Also, I am based out of Jersey City and would have preferred to buy a property closer to me, but the properties in this area are way out of my budget and do not seem to cashflow at all. I am a bit nervous about buying a property so far away, so would love to hear if anyone has advice on this. Thank you!

South East Pennsylvania, greater Nashville area and just started into the Huntsville Market. 

@Chris Mignone yes! I just sent you a connection request!

Hi BP community - my name is Akshar and I am a new investor hoping to close my first deal this year.

My background: I have worked in the hedge fund industry for over 4 years, and am now trying to diversify some of my wealth into real estate. I am most interested in running a buy-and-hold strategy, but I am unsure of whether I should start investing out of state, or in the area in and around the Bay Area. My main objective is to buy properties (preferably SFH for my first deal) with strong cash flow (looking for 6%+ cash on cash return), with some appreciation on top, which I know is challenging in the Bay Area. However, traveling long distances to buy and rehab properties out of state can be very time consuming, which is a large con for me given my very very busy schedule.

I would love to connect with other investors located in the Bay Area, and am hoping to find some local REIA networking groups/meet ups (please let me know if you are aware of any!) I have been on BP for a few months, and I hoping to learn from other investors, find a mentor, and network!

Looking forward to being a part of the BP community, and getting to know other investors!

@Ethan Wilson more details would be very helpful.  We don't expect you to share the address but what do the current numbers look like, what are the seller terms, etc.  I don't know if you're looking for $100k or $1MM.  Please send a DM with more details.