All Forum Posts by: David Burgraff

My question is how much preparation should be done prior to looking for residential deals.  Should I look for deals, THEN find all the players, or should I have ALL my ducks in a row prior to looking?

Examples: Hard money lenders, private lenders, property managers, general contractors, buyers for wholesale deals, creating an LLC, etc....

How many of these should I have locked-in prior to searching??

thanks all!!

I'm wondering what the community thinks about trying to flip a home with FHA financing but never moving into it. Am I legally allowed to purchase a home with Owner-occ financing, never move in, fix-up and sell? Then repeat?

If so, is it realistic to think that I can finance a property in very poor condition with an FHA loan at 3.5%?

Thanks for any advice

Thanks for that update.  Much appreciated

Thanks for that.  Much appreciated.

Is there a general rule for how long I might need to live in the house before I can possibly move out and get a tenant?  I hear on some of the Bigger Pocket podcasts that this can (should) be done annually.

I rent a nice house in a neighborhood that I can't afford to buy in. Daughter loves her school and friends - don't want to move if not necessary. I'd love to do the BRRRR method on future deals, but since I still have the option for an FHA 3.5% down loan, I'd like to take advantage of that. Can I buy a house with owner-occ financing and rent it out right away?