Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Guy Yaffe

Guy Yaffe has started 1 posts and replied 4 times.

Post: brrrr loactions for under 150k

Guy YaffePosted
  • Posts 4
  • Votes 0
Quote from @Jonathan Greene:
Quote from @Guy Yaffe:
Quote from @Jonathan Greene:

That strategy is not going to work. You need to take a break and rethink what you are trying to accomplish. You already know there are no deals out there in the price point and strategy you want, but you are asking people to serve you some. They will, but they won't be good deals. They will be bad deals that you are asking people to tell you that they work. BRRRR is very hard everywhere now because the model doesn't make sense with interest rates this high. Also, with low inventory, it's hard to get the groundswell for a quick out value because the comps aren't there.

Any time someone comes into the forums and asks for deals anywhere that work, they are setting themselves up to get pitched disasters.


 hi first i respect your answer.

secondly to let you know i have done my rsearch and even with 10 precent intrest the numbers worked on a lot of things i looked on when i learnd before i decided to try and get in the game, for example place in clevlend(not the bad areas). right now really there is low inventory 2 monts ago even been better.

i am asking maybe someone knows some stuff that i dont know.... and who knows what will happen some netwoerking.


You have done your research from afar, just crunching numbers. That is how you lose your money and make terrible investments. You want to do your first BRRRR in a town where you know no one (if you don't live there) and have to trust brand new contractors and sub-contractors? You need to work on this for about a year before you try to buy anything if you want to have a better chance of success.

 thank you for your ansewr

you are right there for i know what have been the numbers months ago.

and how else can i start doing real estate in the us?every body started frim somwhere i mean forigners.need to do alot of backwork on each pepole i work with ofcurse but what other options i have need too start from the bottom.

therfore tried to see if somone has other recommndeiton heard this is a great forum with good pepole to work with

Post: brrrr loactions for under 150k

Guy YaffePosted
  • Posts 4
  • Votes 0
Quote from @Jonathan Greene:

That strategy is not going to work. You need to take a break and rethink what you are trying to accomplish. You already know there are no deals out there in the price point and strategy you want, but you are asking people to serve you some. They will, but they won't be good deals. They will be bad deals that you are asking people to tell you that they work. BRRRR is very hard everywhere now because the model doesn't make sense with interest rates this high. Also, with low inventory, it's hard to get the groundswell for a quick out value because the comps aren't there.

Any time someone comes into the forums and asks for deals anywhere that work, they are setting themselves up to get pitched disasters.


 hi first i respect your answer.

secondly to let you know i have done my rsearch and even with 10 precent intrest the numbers worked on a lot of things i looked on when i learnd before i decided to try and get in the game, for example place in clevlend(not the bad areas). right now really there is low inventory 2 monts ago even been better.

i am asking maybe someone knows some stuff that i dont know.... and who knows what will happen some netwoerking.

Post: brrrr loactions for under 150k

Guy YaffePosted
  • Posts 4
  • Votes 0
Quote from @River Sava:

Will this be your first rehab and/or BRRRR?


hi, in the usa will be the first yes

Post: brrrr loactions for under 150k

Guy YaffePosted
  • Posts 4
  • Votes 0

hello

loobing for best places to do some brrrr deals,houses price up to150k that will fit the method and rent the, to section 8.

looking to buy few houses but cant find any,can someone recommend any cities or zipcodes to look on please

or would like to get some connections on deals.

thank you