Hi @Remi Oguntoye. Thanks for your response. I'm interested in the BRRRR method. My goal is to build a portfolio of multi families. I have been enjoying the educational part of this process, but I'm eager to get my feet wet. I don't currently have enough personal savings to dive in and have been entertaining the idea of a hard money loan. Admittedly, I've been allowing myself to get caught up in the fear of the unknown. My biggest fear is messing up the financial aspect and being faced with a huge amount of debt and no way to pay it off.
Work on the 7 unit came to an end and the apartments are being rented out. I decided to take all the skills (old and new) I had and put them into something that could give me a financial track record. Construction is great work/income, but it’s all cash and not a great way to build rapport with banks and lending institutions. I’m now working as a leasing professional for a property group with over a hundred locations across the US. However, my goal of buying and holding multi families is still alive and well.
I look forward to taking the big leap and sharing my success stories with the BP family.
