All Forum Posts by: Chris Ossinger

I just read the post about BRRROL and am very interested in the investment model. I am just starting in the RE life as a means to create generational wealth and allow me to get out of the "rat race" or at least not depend on it solely. I listed to the "Richest man in Babalon" and currently on "Rich Dad Poor Dad".

I would like to hear from fellow BP members that are experiance in this strategy. It would definitely be a plus if you live in the New Braunfels/Guadalupe county area and would like to meet up to discuss REI. I am starting with the BRRRR method but am now interested in the leasing option or a combo of both.

Thanks @Linda Hastings ! We are looking forward to the growth that is coming to the area.

@William Clark  yes I am going to start with Seguin and the surrounding areas in the beginning since I am familiar with the area. I am already talking with one lender  but I am open to others if for some reason it doesn't work out.

Great, Thanks.

I will definitely reach out to you if I am in need of your expertise. 

It's great to hear from other investors in my area. I will definitely take you up on the offer for advice. I'm in the early stages right now. I'm working on getting my entity set up this week and get my lenders lined up for a solid preapproval and cash out refinancing once rented. My wife and I hope to have a team in place ready to find and purchase our first buy and hold by the start of 2020.

Hi, My name is Chris and I live in Seguin, Texas where I am currently a Metal Technician for a collision repair facility. I am brand new to real estate investing and Joined BP to learn as much as I can about the business and to network with people I can learn from and work with. My wife and I are currently looking for our first property to BRRRR. We are excited to start this journey and become pros with the BRRRR strategy. Our goals are to be financially free to be able to spend more quality time with our family while building an amazing portfolio.

The rental calculator would probably make the most sense. Input the numbers based on your mortgage and operating expenses. Check with your mortgage company to see if you can do a cash out refinance. That's unless you already have the cash to purchase the next property. Talk with a realtor and find out what homes are renting for in your area. You may not cash flow much with your current home but you will have someone in it making the payments for you. This is just my opinion. I'm always searching for different ways to make existing situations work. I wish I would have been a bigger pockets members a few years ago when I sold my first house. I would have done a cash out refinance and starting the BRRRR strategy.

Good luck with with what ever decision you make.

If you have equity in your house, why not pull that out and put it toward the multi family. Then rent your current home. Run the numbers on the calculator and see if that could be an option.