All Forum Posts by: Elijah Crew

Hey! Just a quick question I think I know what the answer is going to be but never hurts to ask. I want to eventually invest in rental properties. First I was going to build the capital using other methods of real estate investing but I was wondering if just getting an SBA or some other loan for my LLC in order to gain some debt capital and use to purchase rental properties with the BRRRR method. Would that be a good idea or not?

So I am currently reading the BRRRR book, and learning more into detail how to do these types of deals. I was wondering what a good ROI would be a rental property? What percent should I be looking for to make back in the first year?

Hey,

So the deeper I am diving into this I am finding people using the tactic of negotiating with a private lender and getting them to pay for the property then eventually refinancing the property through a 30 yr conventional loan on it. Giving the private lender equity in the property or repaying them through the refinance. I know using leverage is a great way to get properties but I did not know it was possible to truly obtain with zero money down. So would going through private lenders to obtain properties to start off a good strategy? Or am I missing something? 

Hey guys!! So I will be starting my REI journey soon. Was going to begin with wholesaling to build capital and experience. My question is could I do fix and flips as well as wholesaling? Sort of simultaneously ? As in I will wholesale but if I come across properties where the ROI is pretty good I would use a private lender purchase it then follow through with it that way. Or should I focus my time more on one aspect whichever it may be.

Hello,

My partner and I are starting our real estate investing careers and thought it would be a good idea to start off with wholesaling to build cash/experience. We have no prior experience with this and I was wondering if anyone would be willing to help us out on securing our first deal? We thought the best way for us to start out is by looking into local probates through our nearby courthouse online which is in Media, PA. [Solicitation Removed by Moderators]. Could you please send ways to find buyers, or ways to identify the more potential sellers, etc. Or if anyone has any tips on wholesaling in PA, and the Do's and Don'ts. Thank you!

Hello,

You guys have been amazing! I am so glad to be apart of this community, you all have been nothing but nice and respectful to every question I have asked so I just wanted to start out by saying thank you. Now to my question. A property is owned outright worth 200k, it is in appreciating area, but not the best school district and not the nicest area. Should It be sold to gain multiple more rental properties in nicer areas better in every aspect? Better more well known school district, more businesses, friendlier neighbors, etc. I know I have been hearing that selling should always be the last resort but the 200k could be used to obtain multiple rental properties. Would it also be a good idea if the property would be sold for the 200k use half to pay down the property of primary residency and then use the other half to of course obtain some rental properties for passive income. Or is there something else that I am missing, an even better course of action to take, if so please inform me. Thanks again !

@Nathan Gesner @Joe Funari @John Morgan @Lien Vuong I greatly appreciate your responses ! It means a lot, I know I did not provide you all with a lot of details but you commented and offered some sort of guidance anyway. Thank you, all your responses were helpful and I think I am going to go with the cash out refinance route. 

I am at a cross roads here and I would be very thankful if I had some assistance. In a year from now come August of 22, 1 of 2 choices will be made. "A" sell a single family property and use the profit to pay down mortgages on a couple properties for the reason being that hopefully deep into the future these properties will be owned outright."B" use the equity in the property instead of selling it which has been owned for about a few years now to help finance another property then rent both of those properties out to gain passive income. I am an aspiring investor and I feel like B would be the better of the two options, but others disagree. So I would truly appreciate it if someone can offer some advice. If you need more information to truly decide feel free to direct message me. Thank You!

Great Explanation! Thank you!