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All Forum Posts by: Grant Schroeder

Grant Schroeder has started 11 posts and replied 509 times.

Post: Estimating Rehab Costs with the BRRRR Method

Grant Schroeder
Pro Member
Posted
  • Lender
  • OR ID AZ CA WA CO NV TN
  • Posts 556
  • Votes 296
@Aaron Klatt thank you Aaron!

Post: Rehabbing through BRRRR Method

Grant Schroeder
Pro Member
Posted
  • Lender
  • OR ID AZ CA WA CO NV TN
  • Posts 556
  • Votes 296
@Brent Coombs thank you!

Post: Rehabbing through BRRRR Method

Grant Schroeder
Pro Member
Posted
  • Lender
  • OR ID AZ CA WA CO NV TN
  • Posts 556
  • Votes 296
@Nicholas Lohr thank you!

Post: Rehabbing through BRRRR Method

Grant Schroeder
Pro Member
Posted
  • Lender
  • OR ID AZ CA WA CO NV TN
  • Posts 556
  • Votes 296
@Nicholas Lohr I want to force appreciation into a duplex by rehabbing it as part of the BRRRR Method, but don’t want to spend too much on items that don’t add value to the house. How do I know what to rehab that will directly increase the value vs. rehabbing too much of the house? If that make sense? Thanks for your help!

Post: Estimating Rehab Costs with the BRRRR Method

Grant Schroeder
Pro Member
Posted
  • Lender
  • OR ID AZ CA WA CO NV TN
  • Posts 556
  • Votes 296
How do you find the point of diminishing returns for rehabbing when using the BRRRR Method?

Post: Rehabbing through BRRRR Method

Grant Schroeder
Pro Member
Posted
  • Lender
  • OR ID AZ CA WA CO NV TN
  • Posts 556
  • Votes 296
How do you find the point of diminishing returns for rehabbing as part of the BRRRR Method?

Post: Looking for Small 2-4 unit Multi-Family Property to House-Hack

Grant Schroeder
Pro Member
Posted
  • Lender
  • OR ID AZ CA WA CO NV TN
  • Posts 556
  • Votes 296
Thank you Neal! I will definitely look into the FHA 203(k) option further.

Post: Looking for Small 2-4 unit Multi-Family Property to House-Hack

Grant Schroeder
Pro Member
Posted
  • Lender
  • OR ID AZ CA WA CO NV TN
  • Posts 556
  • Votes 296

Thanks for the advice Benjamin! Was the 45k you put into the complex your own money or capital you raised through other means? I will look more into owner financing a property and the steps/documents to accomplish this. With a HELOC on my SFH and savings from my current job, I could potentially put 25k - 30k into a complex over the course of 12 months. Thanks again!

Post: Looking for Small 2-4 unit Multi-Family Property to House-Hack

Grant Schroeder
Pro Member
Posted
  • Lender
  • OR ID AZ CA WA CO NV TN
  • Posts 556
  • Votes 296

Hello BP community! I recently got plugged into the BP podcast by a mentor after I house-hacked my first SFH following my graduation from college. I love the content and valuable information presented on the BP podcasts as well as in the forums I have been reading since creating my BP profile. I am currently searching the market South of Portland, Oregon to house-hack a small multifamily property, preferably a triplex or quad. I have a great team assembled, including a trusted lender and real estate agent working with me. I have been vigorously saving and investing my income to prepare for this next step. I have talked about using a 3.5% down FHA loan with my lender, but also have looked at incorporating the BRRRR method to build equity into a property using a conventional loan. I am interested to hear people's advice on either of these approaches, or even the possibilities of teaming up with a private investor to help with a portion of the down payment. I am a firm believer in the Buy & Hold strategy, an avid reader, and a life-long learner. I am currently employed as an engineer and love working with numbers. Any advice people have on funding my next deal and/or property analysis strategies, is greatly appreciated. I am also open to any book suggestions people might have on any of the above topics. Hope everyone has a great week and I look forward to connecting with many of you!