All Forum Posts by: Kobe McDaniel

Hello BP, 

I’m preparing to send out some of my first Mailers for 2021 and was wondering how you would approach mailing to specific owners who own multiple properties? I understand there are multiple ways to go about this but I would love to hear about any experiences you all might have had in the past. Thanks!

Hi Dave, I'm from Snohomish and know several builders. One is just finishing up a townhome project and would probably be able to provide some great info for you.

Obviously, Interest on a property plays a pretty significant role especially during the early portion of the loan. What are some ways of thinking to get around the fact that you may pay much more in interest than you will initially on the principle? Looking past the fact that rent will cover this, is the tax deduction that beneficial? Any insight on this will be much appreciated!

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $330,000

I made this investment with a partner. He brought the cash, and I provided the sweat equity in getting it ready to rent. We rented back to the owner for several months before placing a long term tenant.

What made you interested in investing in this type of deal?

Listening to the BP podcast.

How did you find this deal and how did you negotiate it?

We knew the owner and they were looking to move across the state.

How did you finance this deal?

Conventional

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I am the agent.

Hi @John Serna, I'm in Snohomish county and have seen plenty of condo options in that range. I do also agree with Sherief about HOA's and parking. What area do you plan to live in? Or are you flexible?

Just throwing a shot out there…. Is there a Real Estate Discord that other Investors/Agents/Etc use to communicate with each other? Definitely not trying to take away from this platform but I do think that a discord has its own pros/cons. Thanks!

@Eric Kump Thanks for the advice! I will use the formate of explaining the traditional way of investing vs the BRRRR method!

@Carlos Villegas I’m from the Everett area and definitely recommend looking into the area. Do you know where you’ll be living once you move back? I might suggest getting to know the area you live in.

Hey BP,

What are some strategies you've used when talking with partners/family/others about refinancing a property as apart of the BRRRR strategy? Thanks

Awful situation to be in. Maybe some sort of Cash for Keys scenario?