All Forum Posts by: J Singh

I am in a market where a lot of homes were built before 1981.

For more clarification:

What do I do about doing extensive enough tests for these homes for asbestos before making an offer?  It wouldn’t be ideal for me to find out after closing because of the potential costs of the cleanup

Does anyone with experience have any strategies (creative or otherwise) on doing this as quickly as possible?

So I would absolutely not able to invest in a foreclosed property for long-term rental due to various reasons.

I know that with foreclosed properties for long term rental, the main benefit is the Refinance in the BRRR method for long term rental properties.

From what I understand, this is due to the ability to increase the ARV (After Repair Value) of a home through renovations and increase the home's value; then refinance with the higher ARV to get a second lower mortgage which replaces the first.

Not to mention that foreclosures for the same areas are cheaper than comparable non-foreclosed or pre-foreclosure properties.

However, hypothetically:

If I were to buy a property, not refinance it, save up over a couple years to buy another property and refinance that, I would be ok with that.

Is there anyone that has experience with buying non foreclosed homes and any details?

Also please feel free to correct me if I misunderstood anything I was trying to explain.

You'd be helping out a newbie :)

Thanks