All Forum Posts by: Jeremiah Hammond

Hey guys, I am attempting to start an off-market deal. I am planning on doing a cash offer. My plan is to BRRRR it. The question I have is when I refinance it will I be "paying myself back"? I am just a little skittish because I am new at this and would like some feedback thanks a lot!

 I do not have a property in mind yet. I was hoping to formulate a plan of action before getting the ball rolling. I know it's hard to make plans not knowing the specific deals details. I can use 40k of my savings, or roughly 60k of the equity built up in my current property. The market I am dealing with that would be enough to cover the down payment and closing costs and it could potentially flow over to the rehab as well. 

Hey everybody, I am a newbie investor and I have a question. So right now, I am looking to get my first BRRRR deal underway. I am currently living in a Duplex that I have owned for just over a year. My question is should I use the equity in my current property to pay for the down payment and some of the rehab? Or should I use a chunk of my savings? I also have the option of going in with a partner and splitting it. Any feedback would be great.