All Forum Posts by: Ken B.

@Janelle Hicks

If you're able to add drywall, door, and a closet thats cheap. If electric and plumbing are already in place it's totally worth it, plus its 1200 sq. '. It'll definitely improve ARV and rent will go up. I'd definitely make it a 3/1.5.

@Travis Ferree

I was hoping they were oversized 1/2 bdrm. Could have added a bed room in each that would have added value.   

@Holly Groseth

It seems like your doing great and as time goes on your credit will definitely return to normal and then some. @Joe Norman and @Cameron Tope are correct as they season the scores go up. I'd gladly love to have your problem and congrats on all your BRRRR's and keep going.

@Travis Ferree 

After conversion how large are the other units and #bdrms.

@Juan Ardila

Nice area, I went to college in Miami. If BRRRR is your preference I would recommend a BP realtor who is an investor already. He'll probably know how to BRRRR or at least buy/hold techniques. Also, really recommend David Greens new book called BRRRR @ BP book store.

@Juan Ardila

@Matt Ferch

Your approach is dead on in my opinion and an excellent time line. Good for you.

@Nathan Witte

Forever or 1031. If you flip the taxes are horrid (as high as 47%).

@Jay Hinrichs

We need more good people like you. I'm a disabled Vietnam vet who sees the visual results of war veterans every week at the VA.

Thank You for caring. 

@Sean Rooks 

Super exciting and very happy for you. Your numbers are great. Guess what, now they begin to get easier. Good job and keep going.

@Brandon Ribeiro

A great way to start out is maybe a duplex, triplex, or quad. Get a fixer at 60-80% and obtain an FHA loan @3.5% includes wraparound for rehab work. Requires you to hack (live in) for a year. Benefit is you'll probably live free maybe get positive cashflow, at least in the 4-plex. Qualifying is fairly easy. A good bigger pockets agent in your area could probably help locate the perfect property in the right location.