All Forum Posts by: Jackson Halverson

One thing that I found very helpful when I started was joining the local REI group. It helped me learn first hand investment strategies that local investors are using. I was also able to develop a relationship with one of the investors in the group who let me shadow him and learn from his moves. I think it is important to have a mentor as you jump in to the Real Estate sector.

I have heard a lot of advice on joining these groups, where is the best place to find your local REI group?

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I have read the BRRRR book by David Greene as well as listened to around 100 podcasts on Spotify by Biggerpockets. I plan on getting my real estate license as well to help me be a bit more informed before going into real estate and so I can find my own deals via the MLS as well as being able to cut out the percentage of paying someone to find and close the deal. What else should I explore/do before getting my head in the game? I still feel like I don't know exactly what I am doing but I am hoping being a licensed agent will help this matter. However, a lot of people say that the only way to learn real estate is to jump in head first and learn by making mistakes. What should I do?

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Quote from @Alex Bekeza:

@Jackson Halverson The most recent Fannie/Freddie changes affect deals with a 1st position lien on the property so you would have conventional options prior to 12 months if you close all cash with no loan but there will be LTC (loan to cost) limitations. Whereas you could opt for a DSCR loan as early as 90 days of title seasoning regardless of LTC, there being a loan on the property, etc. Just a straight up, asset based approach allowing up to 75% of ARV with as little as 3 months on title.

Alex, thank you for the helpful insight!

As well as I am an aspiring investor still in college with plans of completing the BRRRR method of investing. How would you recommend I go about getting my name out there on biggerpockets and becoming a reputable / trusted investor ? As I look to build up a reputation and invest with likewise investors through biggerpockets.

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Hello, I am new to real estate with a quick question upon the BRRRR method and the cash out refinance. If I buy the run down property out right with straight cash do I still have to wait the 12 month hold of ownership before I can refinance out? Or does this only apply to investors who are acquiring a loan?

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All Forum Posts by: Jackson Halverson

Jackson Halverson has started 2 posts and replied 4 times.

Post: Any recommendations upon how to learn real estate before first deal?

Post: Any recommendations upon how to learn real estate before first deal?

Post: Cash Out Refinance - BRRRR

Post: Cash Out Refinance - BRRRR