All Forum Posts by: Jacob Thweatt

I am looking at a duplex deal for a BRRRR that is occupied with month to month tenants. I would like to rehab asap to raise rents. How would I go about doing this? Do you just kick the tenants out? I know its nice to buy occupied because income is immediate, but it almost seems easier to buy vacant and just be able to knock out your rehab without the headache.

Any advice or strategy?

Was looking into investing out of state, no problem there. Looking into a northern area, which obviously deals with pretty brutal winters (cold, snow.) Do these conditions make or break deals for anyone? Aren't these conditions putting a lot more stress on the properties affecting Capex, mon. Expenses, etc?

Anyone with experience in this have any truths or stories about this type of thinking?

TIA!

Looking to purchase a quadplex for 250k. Cash flow - $545 / mo. And a cap of 9%.

Provate lender reached out to me with the terms of:

Interest rate - 8.5%

Origination cost - 2.5pts

Purchase price 95%

Rehab 100%

Closing period 7-10 business days

Not sure how good of a deal this is..any advice?

Hey, so of course you've seen the rela estate investor seeks apprentice signs. I work at the shipyard, got my real estate license last year, and feel as if I am stuck. I love real estate, but it doesn't feel like the sales side of things are me. I love to work and appreciate the grind. Id love to get onto contracting and investing. Maybe sales will come around in the long game. Any thoughts on how I should pursue what I truly want? I can survive on $3,300 take home/ mo.