All Forum Posts by: Gerald Donaire

Hello BP, 

Ive been emailing real estate attorneys Ive found online and referrals but none had not got back to me yet. I don't know how long that wait time usually is but can someone help me connect with one? Also id like to know what questions should I be asking? Ive never worked with an attorney before.

Thanks, always!

Gerald D
 

@Mary Cronin

This is more than helpful! Yes I’d like to get connected with her. Thank you so much!

Gerald

Hella BP!

I’m seeking for an attorney that could help me get where I need to be in my business, can anyone help with a referral preferably in the Stockton Ca area. Thank you I’m advance!

Gerald D

@Colby Fryar

Hello Colby thanks for your response. I had huge trouble figuring out why the cashflow after refi was always negative, then come to realize that I've only been BRRRR analyzing single families. So I started analyzing MF and the return is so much better.

When given a single family to analyze with BRRRR strategy, how would you guarantee positive cashflow after re-fi?

Thanks,

Gerald

@Whitney Hutten

Thanks for the suggestion, looks like I can learn a lot from this one app. Thank you, Whitney!

@Moises R Cosme

This makes complete sense, it took awhile for me to wrap my head around this equation but I persevered! Thank you, Moises!

Hey BP!

I’m getting better at analyzing deals and find it in me to push myself to understand fully why the numbers work in their respective way with each strategy. Rental property analysis being the easiest and then fix and flip analysis comes pretty easy to me as well.

I'm having trouble grasping the concept of BRRRR and why the numbers are ought to be ran a specific way. I understand that it runs as a "two-legged loan", and my first loan would usually be hard money or private money terms (70%LTV +12% Interest Only) + fixed costs. Now with the Refinance part of the analyzation, I understand the PITI is based off the ARV, does that mean I would not have to account for a down payment considering forced equity of 30%?

I would appreciate any help given, thank you I’m advanced!

Gerald Donaire

What’s up everyone, I’m a new investor seeking to network with those in the Stockton ca and surrounding areas who are like-minded. I don’t have much skin in the game but I’m am curious to see who else is on the same journey as I am and what actions have you been taking towards your own real estate goals. Please I’d like to know who you are! Let’s meet :)

Gerald Donaire

@Gabrielle Martin hey I’m in the area looking to network with like-minded people. I’ve done my first deal house hacking and now I’m able to pay off debt sooner than I had originally planned :) have you done any deals in Stockton before?

@Sean Ybarra that’s a good point, thanks!