All Forum Posts by: Logan Lambert

Yes I did! I checked comps and all the rest. Bought for 30% under asking price. Getting rehab started now. Pretty excited!

Hello everyone,

I'm brand new here. I'm starting my first BRRRR project and just closed on a property using cash. Since I bought cash, I didn't get an appraisal. Is it a good idea to get an appraisal before AND after the rehab/refinance stage? What do you guys think?

I'm considering getting into wholesaling, but from videos and some research I have done it seems like a lot of investors and agents don't like wholesalers? I'm assuming it's because the wholesaler is basically the middleman? I would love some advice on wholesaling from the experts here on BP. Thank you 

My husband and I have other property investments but recently, we established an LLC to start doing fix and flips in Baltimore City/County/surrounding areas. Baltimore City has a massive vacant housing crisis (no surprise there!). However, the City initiated the "Buy Into Baltimore" open bid program (which we're interested in participating) through which you can bid/buy city-owned abandoned/vacant properties for redevelopment/resale.The problem is, there are so many blighted neighborhoods in Baltimore, it's tough to know where to start. Our goal is to help tackle this crisis by rehabilitating one unit/block at a time. Has anyone looked into this issue? How did you start? How did you decide which neighborhood/street/zip code to start with? What was your approach? Appreciate all your feedback.

I'm a newbie to the BP community but a long-time listener of the BP Podcast. I would like to connect with all of you! Thanks, 

I have my eye on a 4 plex I'd like to buy, renovate, rent, and hold.

What kind of loans are best for this?

4-Plex details:

-currently occupied

-estimated sale price 265k

-ARV 400k, and 4k/mth in rent

Background on me:

-I have an LLC

-I own 4 single family rentals

-each has around 70k + in equity

-all cash flow well

-credit is 800+ with adequate income.

If yall were me, what loan options are best to buy, rehab, and rent a 4 plex?

What is a good way to feel out of state real estate agents and others that I will need to build my business. I am not able to fly to meet up at the moment and probably won't be able to for 6 months or so. What are some good questions to ask?? Thanks in advance!

Does anyone know any banks in or around the Augusta Georgia area that will work with out of state investors? Preferably with 30 fixed conventional loans!

Hi everyone,

Some business partners of mine are looking into BRRRRing in the Baltimore market and are looking to find a GC, agent, property manager and an attorney that could help us affordably close on properties.  

Our strategy is to buy out of shape properties and rehab them back into shape, so a GC with experience in doing extensive renovations at once would be preferred. An agent with market knowledge and deal flow that could present us with off and on market properties that match our strategy will be needed. A property manager that can assist with rent collection, tenant screening, maintenance, and run an online ledger for us to track expenses. Lastly, we'll need a closing attorney who can close quickly and as inexpensively as possible.

Any recommendations are much appreciated!

I'm doing my first 1031 exchange and will be netting about $200k. I am planning on using it to buy multiple properties in AL, TX or OH and wanting to use the BRRRR strategy on these homes. Looking for some advice on how 1031 will view rehab costs/ ARV on something like this?