All Forum Posts by: Enis Shehu

@Alan M. No worries, maybe next time.

So let's say we are all in on this deal at $2,100,000 (Purchase Price+ Rehab+ Holding/closing/refi cost)

If the building appraises at $2,500,000 and we refi at 80% LTV we will be taking a loan of $2mill.

At this point we will only have $100k of our money invested in the property, 20% of equity, cashflow positive and the property is brand new and in a great location.

Hi @Shayne Mahoney

We are hosting a networking/ case study event at our 4 family in Brighton on Jan 19th.

We purchased the building as a long-term rental and gutted it all. We just finished the project and wanted to share the details/ lessons learned with the group.

Hope you can join us.

https://www.biggerpockets.com/forums/521/topics/649541-case-study-brrr-with-a-500k-equity-on-a-4-unit-building

Hi @Asia May . Welcome and happy to see you are interested in REI.

We are hosting a networking event / case study at a 4 family property in Brighton that we just rehabbed and will start renting.

If you got time, feel free to join us as I'm sure it will be beneficial.

For more info on the event: https://www.biggerpockets.com/forums/521/topics/649541-case-study-brrr-with-a-500k-equity-on-a-4-unit-building

@Ernest Partin I love that goal. Go big or go home!!

Is your plan to acquire multifamily in Mass or out of state?

Also, what is your buying criteria?

We currently own 25 apts in the Greater Boston area and have a goal of reaching 100 doors by end of 2019.

@Maxwell Lewis lol I just realized that your first post was from 2 years ago. How is your investing going? 

@Alan M. It depends what your long-term goal is. In my opinion, BRRR works in high and low purchase price areas. We are currently doing BRRR on a 4 family building in Brighton. Purchase Price $1,550,000 / Rehab $450,000 / ARV of $2 million. Once we refi we will have very little money in the deal and the building will cash flow about $2,000/month.

We will actually have a networking event at this property on January 19th. If you would be interested in joining us: https://www.biggerpockets.com/forums/521/topics/649541-case-study-brrr-with-a-500k-equity-on-a-4-unit-building

@Maxwell Lewis Glad to see another local investor in here. I'm happy to see that you have a specific goal of buying your first investment property in the next 6 months. Boston it's a tough market but if you are persistent you will be able to find a property that works for you.

We will be hosting a networking event/ case study of a 4 family property we bought in Brighton and will be keeping as a rental. We will be going over how we found the deal / How we financed it/ How we added value / And how we will apply the BRRR strategy to it. The event is on Jan 19th at the property. Take a look at the events page here on BP if you might be interested in attending.

Talk soon. 

@Henry DeCoste Welcome. In Boston check out the Black Diamond Networking events. They are in Waltham. Highly recommended. 

We also host a networking event/case study every month and its always at a different location (usually at one of our flips).  Next one will be in Brighton. Search the event page here on BP for more info on it.

@Tyler Desprez Looking forward to meeting you. 

Hi @Yan W. It will be on Jan 19th from 11-1PM

Hope to see you there.