All Forum Posts by: John Petersen

@Sean Sloop looking to dive in to BRRRR this year, and appreciate the story and lessons learned!

@George Despotopoulos great, simple summary of why an LLC is important. Simply said: asset protection

@Joe White Great point about double closing costs - they definitely aren't cheap!

@Kelsey Herbst - haha sure thing :)

@Jimmy O'Connor - Appreciate the feedback! Definitely focused on cash flow and cap rate over top level tenant and appreciation (within limits). I'll send you a message as well.

@Kelsey Herbst Thanks! Followed you back as well

@Joseph ODonovan Yes OPM is good. Spread out the risk and earn a little extra for the hard work. Thanks!

Hello everyone! Excited to be a part of Bigger Pockets. Just read David Greene's BRRRR and absolutely loved it!

Currently work in Multifamily Agency Lending, but looking to invest in 1-4 unit properties in the Philadelphia area. Just like the book, I'm looking for physical or personal distressed properties with opportunity to add value and below market prices. The main approach would be buy cash, rehab/reno, rent, then refinance and use the proceeds to repeat the process, leaving equity in the property, and cash-flow coming in. Simply said: BRRRR.

I'm currently looking primarily for reliable general contractors and handymen. Any recommendations greatly appreciated.

I'm still exploring the advantages of buying all cash versus debt financing. Any comments would be appreciated.

Also, happy to help with multifamily debt questions. Lots of experience.