All Forum Posts by: John Gentile

Hi Michael,

I feel your pain. I'm trying to obtain my first property via the BRRRR method just south of Boston. Because of the prices and most properties going for close to asking, it is tough to find the favorable margins (I'm primarily using MLS at the moment). I'm searching for small single families and condos and it's still difficult. I've grown to live with the fact that I won't get all my money back but a portion of it.

I'm attending a local AREIA event on Thursday night to see if I can meet some wholesalers who have some off market deals. I've even considered using a turnkey company to get more favorable margins and ROI (not sure if you can BRRRR with a turnkey company, but the ROIs are tough to ignore).

Very tough investing in an expensive market.  Not impossible but tougher.  And these forums and podcasts are full of people in the south and midwest just CLEANING UP on deals.  To the tune of 100+ units before hitting 25 or 30 years old.  Pretty amazing.

I will be curious to see how you make out.  Best of luck.  I'll be sure to post when I land my first buy and hold.

@Jimmy Murray yes we are lookin to work with private capital in this case. We already utilize a local hard money lender.  Thanks

Hi BP Community,

We are looking for private funding or an equity partner for two upcoming flips.  Please no hard money solicitations.  

If equity partner it would be funding of entire project, including rehab, and profits split 50/50 (typical funding range $200-500k per project)
Private funding would be in the range of $50-$150k with getting interest on the loan (rates tbd, depending on deal and size of loan).

Also any variation of the above is possible as well.  If interested, we can PM, email, or call for more details.  

Thx,

John

Good luck Josh. I'm looking to BRRRR in Massachusetts. I would be interested to see how yours turns out.

Hi BP Community,

My partner @Lewis Brugger and I are seeking a private lender or equity partner for 2 upcoming Massachusetts based flips (investors can be from any part of the country).  We have completed 25+ flips.  Please private message me or email me for more details.  Thank you!

John

Hi BP Community,

My partner @Lewis Brugger and I are seeking a private lender or equity partner for 2 upcoming Massachusetts based flips (investors can be from any part of the country).  We have completed 25+ flips.  Please private message me or email me for more details.  Thank you!

John

@Tarik Turner we would be open to equity partner as well.  

Hi Tarik.  We are looking for a private lender.

Congrats John.  I agree with the majority here, put the cash flow back in the business.  Good luck.