All Forum Posts by: Gus Tsesmeloglou

@Kiah Davis,

I actually had an exit strategy in place. Ended up renting it out. Great tenants!

Its hopefully a possibility for you. After you have it rented out you could do a cash-out refinance! (BRRR strategy) 😊👍

BP community, I am about to partner up with a coworker on a BRRR deal. Can I have some recommendations on the wisest way to go about it?

For example, what is a good form or document to go by or what systems ought to be put in place to keep our partnership straight and equitable?  

Thanks

Michaela, that sounds like a good addition to the fence.  

Marc...LOL...I love it!  No, i haven't tried talking to them.  My wife tells me they're this special breed of redneck that will not take any feedback, no matter how eloquent, well.  I do enjoy your solutions to my problem, though.  :)

Charlie, 

Yeah, I've thought about that.  That could be partial solution.  

Thanks

BP peeps!  I need help.  I need to sell my FIRST FLIP, which is located in Belton, SC, but there are a couple of neighbors who yell, and scream, and have unruly children and a big dog that has scared away all prospective buyers!  

WHAT    DO    I     DO??

Chris, hey man that sounds like a great job, but certainly one that, if you weren't there actually working, you would not collect the income. You're doing a wise thing investing in real estate, sir. 

Gus

Hey I'm a Physical Education teacher at an Elementary school in Greenville, SC. My wife and I just purchased our first rental property a few months ago. The tenant has been there almost a full month and she's great. Summer is about to start and we have caught theRealEstate Bug! Big time! I can't stop listening to the BP podcast and listening to audio books on investing in real estate. Anyway, we're coming up on my first summer break where instead of working summer schoo, we're going to try to acquire 2 more properties by the end if the summer! Wooh! We are aiming for 5 rental properties per year and bringing me home from teaching after having 20 rentals under our belts.

Hey BP pros. I need help trying to get a project funded with little to no cash of my own. It's a great deal but getting the hard loans for the project will be way too expensive for us. We don't want this deal to slip through our fingers. Can someone please offer some helpful tips to get this funded, if that's even possible. Thanks

Jon, thanks for the advice. I will check that out.

Hey Trexie! Thanks so much for reaching out. I will certainly not hesitate to reach out.