All Forum Posts by: Grant Maxey

@Keaton M. I have. I definitely recommend slim coating over popcorn ceiling that is giving you any trouble getting off. It’s a cheap way to give you a smooth finish and it’s very forgiving. You can always sand it down to your liking. Good luck!

@Daniel Soyars Welcome to Tulsa, Daniel!

@Corbin Marcotte Hey Corbin I live in Tulsa and trying to connect with other investors in the area. I’m gonna try and make it if I’m off work by then. Let me know if something changes. Thanks!

@Brian Holt Thanks Brian.

@John Kunick Hi John - What does SFH and MFH stand for?

@Corbin Marcotte I’m in the Tulsa area as well. I’d love to learn more about this investor group and connect. Looking forward to chatting.

@Alyssa Dyer Interested to hear more about your personal experience using BRRRR method. Do you have a long term strategy? Personally I'm leaning towards acquiring several single family rentals (using BRRRR) and then trading up using a 1031 exchange for a multi family property.

Seeking advice/input on how/where to find CFP's/CPA's specializing in real estate investing in my area. Also would like to hear strategies people have used to shelter real estate investments through corporations, LLC's, etc.. Any input is appreciated!

@Michael Slockers Thank you for your response. Initially, I jumped at the idea of remodeling my personal residence. My re-model is almost fully complete with the majority of the work being performed myself. If I were to do it over, I'm sure I would've used the money differently and bought a rental property with some of it. With that being said I won't be losing money in the deal and expect to turn a profit. I guess thats just the glory of being new to the business. Live and learn.

Side note: I work for a commercial construction management firm for my W2 job and have some experience with working with contractors. Let me know if you have any questions I'd be happy to help. Look forward to connecting with you in the future!

Hello biggerpockets. I recently joined Biggerpockets and I am excited to be a part of this community. I am interested in accumulating long term single family rentals and eventually want to get into larger multi family properties. I understand that there are endless ways to begin investing although I was hoping to get some input from people that have been in my situation before and may do things differently if they were to start over from the beginning. Thanks so much in advance!

I am 25 years old and live in the Tulsa OK area. I bought my first home in April 2019 for $138,500 with 3.5% down and a fixed conventional mortgage at 4.75% APR (monthly payment of $1,049.00).

With hopes to remodel, I received a 0% interest cash loan of $35,000 from my parents with an expectation to re-pay them within about 5 years from the time the re-model is completed. After looking through local comps I expect the ARV to be around $190,000.

I am hoping to get some advice on how I can best use my current situation to my advantage for kickstarting my real estate investments and getting lending opportunities for my next property. I definitely have some ideas in mind (such as taking out a home-equity loan) although I wanted to keep it simple so that I can hear everyones honest approaches/opinions.

I have provided additional information below just in case it could be helpful with your advice. Thanks!

Annual W2 income: $70,000

Current credit score: 751

Savings account: $6,000

Roth 401k: $8,000