All Forum Posts by: Ethan Gidcumb

Hey Agostino! Thanks for the informative post. I also wanted to mention that these are tips that could be used for more types of properties than just a duplex.

Hey Al! I learned the most through reading books and networking. Reading gave me a basic knowledge that helped me understand the conversations I had at networking events; but, networking accelerated my learning and helped me understand what investors are doing to invest now. 

When it comes to investing with very little responsibility, I have talked to others who found success with syndication. They explained they saw returns anywhere from 10%-30%. However, they took great measures to vet the syndication group. On the other side, I have also heard of some people getting scammed by syndication groups, so I'd definitely be careful if you go down that path. 

Hey Arn! I've spoken with investors who try to find a balance between cash flow and appreciation in their investments. In their history, they have scouted properties in places they believe will grow and create more equity in the property; while tying in what you mentioned of making an effort to get the property cash flowing.

Hey Eli,

From other users on BP, I've seen a lot of people will BRRRR a few properties in the beginning, anywhere from 2 to 10 properties, and then they will scale up into multi-family/commercial properties. A great way to scale could also be to partner with somebody.

Using finance would allow you to take advantage of leverage and could result in more cash in your pockets at the end of the whole process

Hey Sandra! To add to what Stephanie mentioned, you could get a DSCR loan as long as your properties are cash-flowing and then a lender would give you a loan for the equity you have in the property. If that's not the right route for you, I was also thinking a HELOC might be a possible avenue if you could find a lender for that.

Hey Justin! Most lenders I've seen are not going up and over 90% LTV. The biggest reason for that is having skin in the game though.

Hey Robert! If it's the first time you are working with the appraiser, I don't think it hurts to have somebody from your team there in person, as long as the appraiser is okay with it.

Hey Sangeet! What I've heard from other investors is they determine how many properties to put under an LLC by the strength of the properties. Some people have put all their properties under 1 LLC, and some people create multiple LLC's to decrease the risk of anything happening to all properties together, versus just a few.

Hope this helps!

Hey Kyle! One way I like to form an ARV is by looking at what properties sold within the last 6 months in the area. Then, I find a few properties similar in square feet, features, build date, and area. With those properties in mind, I'll compare what they got for the price per square foot and what I can expect my property to get.