All Forum Posts by: Jason Krivickas

Hey Marc- first off, congrats on your initiative in wanting to get started in REI! I think there have been some great responses above above and would certainly take full advantage of the knowledge to be gained from this community.

For whatever it's worth, I think one of the most valuable things you could do at this point in your journey is to continue to educate yourself and immerse yourself around other investors, whether that be thru local meetups, or in a mastermind community.  I think thru this, you may be able to more clearly define the best course of action to get started.  I'm a newer investor myself, and can tell you that I wouldn't have made the progress I have without the Masterminds I have been a part of. 

Thank you @Natalie Kolodig, this helps tremendously to clear up a lot of my confusion.

Hi All. First off, please pardon my naivety, as I am a complete newbie. Though I've listened to and read several examples of those successfully implementing the BRRRR strategy, there is a key component that I still can't seem to get complete clarity on.

Specifically- as I'm looking to purchase my first investment property in my area, I'm estimating that I will probably be looking at a purchase price of somewhere between $125-175k.  Given that I only have $30-40k in cash, I clearly am not able to purchase the property in cash on my own.  So here's my question(s).  Is my best strategy:  

A) Find an investor or HML to help me in the initial purchase of the property so that I can buy in cash?

B) Get a loan from a bank and simply put down 20%, and find another $5-10k for rehab? 

C) Accumulate more cash and possibly find a lower-priced property I'm able to purchase outright on my own

To me, it seems getting an initial loan from the bank goes against what can make the BRRRR strategy successful, but I'm not sure if I'm missing the concept?

Thanks in advance!

Thank you @Mitch Ferraro!

@Mitch Ferraro! I don’t mean to impolitely intrude on the @Joe Marshall post, but is the meetup on the first Wednesday of the month open to anyone? I’m a new investor living right over the border in IL, but am very interested in looking for opportunities throughout the Kenosha/Racine area.

@Pete Woelfel  Thank you for the info Pete! I'd definitely like to get involved in my immediate area (Kenosha and Racine), but also up thru the Milwaukee area as well.  I'd love to connect with anyone who is open to it...thanks!

Hey everyone! I am a newbie in every sense of the word when it comes to Real Estate, but I'm looking to network with others here locally on investment opportunities.  I'm in Northern IL, right over the IL/WI border, but would love to look for opportunities in WI.