All Forum Posts by: Kenny Durrant

@Michael S.

I feel dumb for wasting your time. I can't believe I never clicked on the show title!

Thanks for the quick response, I really appreciate it.

Where can I find the show notes for the BiggerPockets Money Podcast? I found all of the shows and the synopses of each show, but I don't see the show notes. Please help!

@John Geldert Thanks for sharing the specifics of your deal! I'm hoping to complete my first BRRRR deal this year, and your example, especially your perseverance gives me some extra motivation. I am just getting started and am trying to learn as much as I can, after reading your post I now know you can dispute an appraisal. Very inspiring! Thanks again!

@Joe Villeneuve, @Dawn Brenengen thanks for your replies! I really appreciate your insight and advice!

@Chad Aziz, @Joe Villeneuve thanks for your replies. I will definitely talk with my friend. I have a follow up question for you. What is the best way you have been able to find a real estate agent that is real estate investor friendly? I'd love to hear your thoughts.

Thanks again

I would appreciate some advice as I’m getting started looking for my first investment property. I have a friend who is a real estate agent, and I’ve talked with him about my goal to purchase my first investment property this year. He is going to keep an eye out for possible deals. Tonight another real estate agent I know was touching base with me, and I mentioned to him my goal of purchasing an investment property this year. He also offered to help me find a deal, I let him know my friend is already helping me. I didn’t feel right about working with another real estate agent, since I very recently spoke with my friend about finding a deal. My other thought was, that it would be great to have multiple people looking for deals, but also I don’t want to go about it the wrong way. I’m curious other’s thoughts/advice about working with multiple real estate agents in the same area, is that acceptable or frowned upon? 

Thanks in advance

@Brian Garrett Makes sense, thank you! I'll just keep analyzing deals.

Jason DiClemente, Vincent Pace, John Geldert, John Thedford, Brian Garrett thank you guys for the responses, I really appreciate it. I have a list of people I would like to approach about being a private money lender for a deal. Should I approach these people about lending money before I have a deal I would like to make an offer on? I have been analyzing deals daily, but haven't found one I would like to make an offer on yet. I have been listening to the BiggerPockets podcast as well as attending webinars and reading as much as I can. On the podcast they always recommend having the money and team lined up before finding the deal. In what ways have you found success pitching to possible lenders to gain their confidence to lend you money (I ask this as a beginner who has no deals under his belt)? I know a local investor (I have only talked to once in the three years I have lived here) who I would like to take to lunch and my plan is to talk to him about the BRRRR strategy and see if he is interested in acting as a lender on a deal. Any suggestions or thoughts about pitching a deal to an experienced real estate investor for a beginner like myself?

I am getting started with real estate investing and am working on finding my first property. My main challenge is financing a deal. I am interested in the BRRRR strategy, because unfortunately I don't have much money on my own at the moment to begin investing. There are a few things I don't quite understand about the BRRRR strategy. What are the typical metrics used when organizing a deal with a lender? What percentage return do they typically look for when lending money for this type of deal? How quickly do the lenders typically want to see their agreed upon return? I would really appreciate any feedback on my specific questions, and any other advice about the BRRRR strategy.

Thank you