All Forum Posts by: Levi Lewis

@John Warren yeah that's what I'm thinking. I think being rent free is going to help me BIG time, and the easiest way for me to start.

Im looking for my first property to be a MF, triplex mainly. Now if I run the numbers and break even after renting out the other 2 units while living in one, wouldn't my "no more rent" costs be considered cash flow? Im currently saving and waiting since my market (San Diego) is a PITA to buy in...at least for me anyways.

@Bob Langworthy your updates are great! Showing and explaining the troubles we all can expect to run in to. Keep up the good work and thanks!

@Immanuel Sibero Got it. thanks a bunch!

I have a question. When dividing cash flow from property cost to find the cap rate on a property, do we factor in only out of pocket spent or total cost including the loan. Practicing for now on the in laws new property, they purchased a house with a friend loan, but will spend about 10k O.O.P on rehabs. Thanks in advance!

@Alex Jones yeah I've come to realize that. I just finished the brrrr podcast and still have so many questions. Thanks man just trying to make the dream come true. Good luck with everything.

@John Warren that's what I was thinking but, wouldn't that mean you now have a new loan for the 100k and you pay off the first which leaves no money left over for the new home or payoff the second loan. Unless you let the first tenant pay off the first loan and use the second to fund and payoff the second property.

@James Walker breweries love spaces like that.

Hello all. Im brand new here and I've been watching the podcasts A LOT. I'm slightly confused on the brrrr strategy when they explain it. When you refinance is the first property being paid off or is there still a loan on it, then another loan on every other property after? Any clarification is greatly appreciated.