All Forum Posts by: Greg Martineau

Thank you Kevin and Bill for your replies...I appreciate your advice. I just went to a B/P meet up last night for Air BnB, I am looking into that route too, but for now I am going to lay low and continue my R/E licensing exam and wait for summer to pass...apparently it can get real expensive this time of year. 

Kevin, I like your idea about getting a loan on a multi-family property, I will definitely keep that one in mind. Just a question on your other idea...what would be a smaller cash flowing market? I was looking into buying mobile homes but I will probably wait until summer passes.

Bill, I realized that getting a cash out refi would be difficult...my original plan was to use the equity I add to the house to get a Home Equity Loan and go from there. What would be your opinion on that? Have you seen that work?

Thanks Robert, everything is working out better than I expected it to. The only issue I have right now is that I am not working, so I am not sure how the refinancing will work out in the brrr strategy, just taking it one day at a time right now.

Sorry for the late reply...I logged out a little early yesterday.

Hello,

     I am new to the Bigger Pockets Forums and to Colorado, I am looking to buy my first home (cash). My goal is to buy an undervalued piece of property, fix it up, live in it and use the equity I put into it to continue investing in R/E. I am not planning to buy a 100 homes a year, just to methodically buy (cash) and sell houses using equity and my savings.

     The reason I am using cash is because I am not working anymore...I have been working 10 to 12 hrs a day 6 to 7 days a week for the past 4 years. I managed to save a few dollars during that time.

     I am open to any comments or advice as to my plan for investing in R/E.

Thank you,

Greg