All Forum Posts by: De'Anton Gipson

Keep it. I literally look at an old property I had 4 years ago and could have gotten 50k more if I waited 2 years. I could have made 70k more if I wouldn't have sold a property last year in the fear of Covid. 30k isn't a lot of money to do anything with, BUT the power of making money every month and sitting on the equity is key. For a lot of those repairs you can get American home shield and they cover all the CAPEX stuff for 38-50 per month. Sure you're wasting if you don't use it but when you need it a 100 service fee will give you your money back. People make it more difficult that what it truly is.

I know a deal we can look at if youre interested. Its in my home city of Nashville, TN. 14 Units

Duplex under contract in Nashville TN I need 80% LTV or higher and can close who wants to finance me or know a good banker

What research is needed before investing out of state?

How to know if a city has atleast potential to grow? What tools do investors look at to see how stable a city is?

Hey guys,

I see a few multi family units across a few states a cities that I could easily get to if need be. I want to go for it even if I fail and fail terribly I want to try and go for it. That being said I have a flip that Im currently working on. When I bought it I thought a had a strong indication of ARV and that was 240-260. I didn't check the market for about 4 months just focused on rehab (doing it myself while working full time) and multiple homes have sold in my zip code/ area for 300k+ with less sqft, baths, and or bedrooms. Long story short Im confident by looking at the comps that my home is 100% better than what's selling. I can get 290-320 all day for my home. I never knew or thought about the BRRRR method to real estates and I feel that I want to stop thinking small and shoot for something BIG (in my option {8+ unit multi}). My issue is making the money work. My thought was taking a second mortgage out on this home to accommodate as a down payment with roughly 150k equity thats a sizable down payment. Can anyone understand where im coming from and have any in put? I admit this is out my league so I humbly seeking help. Thank everyone for reading and their in put ahead of time.

@Jason D. thank you! 

With the "BRRRR" I'm wanting to know down the line how would the refinance portion work. For example without being creative a single person can only have four mortgages Ive recently discovered that you can have 10 with "non traditional" methods. So lets say 15. Lets say I just so happened to to inherit 15 duplexes that are paid off and I want to BRRRR to get more could I refinance all 15 properties and have the mortgages in my name?

Spiro Klonizakis so im not crazy? Could i still get out of the deal even if i sign with the counter offer sayong that?, or is it just telling me that whatever condition its in i would have yo live with it?

Roger Poulin Thaankk you bro! Im just now seeing this! This great news because i cant find info on the nashville market anywhere and i was in need to find a group like this

Alex Capozzolo thaaaannnkkkk you so much. Its crazy now i get an offer accepted and this tool bro!!!! This tool is legit