All Forum Posts by: Derrick Gober

@Brandon Montgomery sounds good to me. I’m on call with work this weekend but if I’m not working I’ll be there just let us know a time and place 👌🏻

@Luke Lawrence man that would be awesome! Just about any Friday-Sunday I would be down for sure!

@Connor Woods I've been looking hard but no luck yet. The price range and area I'm looking for are few and far between on the MLS and when they go up for sale they are sold extremely fast! I think off market is the best bet right now.

Hey @Brandon Montgomery! I'm currently looking in the Tuscaloosa market but haven't made it in to Bham quite yet. I live in Tuscaloosa and would like my first property to be closer to me but the market is SO crazy right now. Anything that will cash flow off the MLS gets cash offers above asking price within days of the listing so you have to be on your toes. My first offer actually got accepted but it was on a forclosure and ended up needing way too much work for the price/area it was in. Look forward to hearing from you and your experience thus far!

@Peter Kitzhaber I live in Tuscaloosa and have yet to purchase a rental so I'm not familiar with management companies yet but I can tell you that properties that will cash flow go FAST and above asking price with cash offers. I've been looking heavily for months now and anything I come across on the MLS is pending within 2-3 days. Definitely a good market for rental property though! The university just keeps getting bigger and bigger so there is definitely a lot of renters looking.

Offer has been accepted on our first property! 5 day inspection period has begun and with that in mind are there any specific inspections to keep in mind other than the standard? Ones you wish you would have had done on previous properties etc. I already know the roof needs replaced and there were some cracks in the foundation so I am working on those now. Thanks in advance!

I understand the method as a whole, but what I’m confused about or need to better understand is the financing. Is it a good idea or is even possible to obtain a mortgage through a bank in the initial buying when using the brrrr method? Or in order to refinance to pull your investment back out do you have to start with a hard money loan? I guess it’s the details/rules about refinancing that I need more detail about to understand. Thanks in advance!