All Forum Posts by: Joseph Romano

For my first deal, I'm gong to be using the BRRRR strategy on a small multi-family property. Has anyone in the Lorain County area done a BRRRR before?

Here's a breakdown of my current position:

•  Pre-approved for a loan up to $170k
•   $28k saved up
•  Looking for a small multi-family (2-4 unit) that needs work
•  I work full time as a salesman at AutoNation (DRIVE PINK!)
• What hard money lender(s), contractor(s), appraiser(s) have you used/ suggest? Would you be willing to show me a recent deal you have done. 

@Alecia Loveless I will check in to it. Thank You!

@Rich Littlefield thank you!

Next month I will be able to get pre-approved for my first mortgage. I'm looking at small multi-family properties. What lender(s) would you suggest if using a FHA loan or conventional loan?

You can find a partner to supply the cash/ financing and come to an agreement on how to split the deal. 50/50, 70/30, 80/20...

Good luck! 

A great skip tracing tool is Lead Sherpa. You can visit them at leadsherpa.com.

Best of luck!

I agree with @Jason Wray. If you don't qualify for a loan you could go in on the property with a partner. Where one person is the person who gets the loan for the house (the partner) and the other person brings the deal to the table (you). 

Assuming your a first time home buyer, you can do a mortgage with a 3.5% down.

Best of luck!

Nice job @John Felix Perez

Hey everybody, I'm a real estate investor in Amherst, OH. I've been finding some great off-market properties in Lorain County. 

Are there any areas to stay away from? What do you think are areas that are up an coming? 

@Jack Smith thank you!