All Forum Posts by: Ernesto Sanchez

Hey everyone,

I am looking to get into a property within the next couple of weeks in Dallas, TX and do a house hack.

Im hoping to get any tips, tricks or strategies you guys are using to help future tenants feel more comfortable with the idea of living in a house with other strangers and ensuring the security of everyone during COVID.

Things I will be doing:

Include in expectations and policy limiting the number of people allowed to visit each guest

In living area, have individual seats/ couch instead of a 2 or 3 seat couch

Provide cleaning and disinfecting supplies in kitchen and restrooms

Provide disposable plates, cups and silverware

Thanks in advance for any help you all give!

I am looking to get started on buildng my team and I am currently looking to add a Lender.

I live in Dallas and would like to buy a property in/or around the city to house hack. Please reach out if you are a experienced lender or know a great one!

Thank you!

@Andrew Postell

Thank you for the reassurance. Brrrr just wouldn’t work with mls deals then huh?

I see you’re an agent, do you work with investors like myself? If so, is there anyway I can get on your schedule to see what is available out there?

I've been learning a lot about real estate over the last couple years and have fumbled around between flipping, house hacking and BRRR. However, I have finally saved up 30k and would like invest it as wisely as possible. I'm here for support, brain storming and strategies that some of you guys have used.

I live in Dallas, I work 40hr a week and I am planning on doing some to most of the rehab myself if needed.

Anyone have a solid strategy for me to use in this market?

Over the last couple years I've been able to save up a good chunk of change and finally decided that my strategy would be to get into rental properties. Im about half way done listening to BRRR by David Greene and I am starting to have a lot of questions.

I live in Dallas where the market is a little high and so 30k won’t buy me much of a property and have enough to rehab. I’ve then looked into hard money, and I figured it would be a great idea considering the amount of money I have.

Has anyone been able to make a BRRR work using hard money as the original short term loan?

The reason I ask is because hard money will lend 70-75% ARV and when it comes down to refinance the banks are typically going to loan 70% ARV as well. So the refinanced loan will be paying off the original loan meaning that if I put anything more that 70% of the ARV into the deal ,to acquire and rehab, I would be leaving it in the deal at the time of refinance. So I'm concerned this could possibly tie most of my capital on my first deal and prevent me from doing a burrr again in the future.

Am I missing something or have a misunderstanding about how to make hard money work on a brrr as the original short term loan?

I would also very much appreciate any tips or different strategies I could use to help me get the ball rolling!

Thanks you in advance!