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All Forum Posts by: Logan Overcash

Logan Overcash has started 1 posts and replied 5 times.

Post: Strategies for starting out

Logan OvercashPosted
  • Rental Property Investor
  • Mooresville, NC
  • Posts 5
  • Votes 2

@Craig Anderson thank you for your help!

Post: Strategies for starting out

Logan OvercashPosted
  • Rental Property Investor
  • Mooresville, NC
  • Posts 5
  • Votes 2

@Craig Anderson what if I don’t want to live on the property? I live in a home that my grandparents own for EXTREMELY low rent and more comfortable living there.

Post: Strategies for starting out

Logan OvercashPosted
  • Rental Property Investor
  • Mooresville, NC
  • Posts 5
  • Votes 2

@Whitney Hutten Thank you very much for your input. I am going to put 20% down on my first couple and even try to owner finance some if I can until I can build up enough cashflow to BRRRR to maximize my ROI and expand my portfolio quicker.

Post: Strategies for starting out

Logan OvercashPosted
  • Rental Property Investor
  • Mooresville, NC
  • Posts 5
  • Votes 2

@Joseph Schweizer

Thank you very much! This is very helpful!!

Post: Strategies for starting out

Logan OvercashPosted
  • Rental Property Investor
  • Mooresville, NC
  • Posts 5
  • Votes 2

Hello everyone!

So I’m really just getting started in real estate investing. I have not purchased my first rental property, being Im still in the learning stage of things. Listening to Podcasts, reading books, etc.

So I'm looking at some of these properties and I see where I might could get started quicker if I choose not to BRRRR my first property if I can manage to save upfront capital and only pay 20%.

Is this a death wish for someone just starting out to only put down 20% and then save for the next one?

The numbers seem to make sense on some of these SFHs and Duplexes if I only pay 20% and still be cash flow positive. As anyone started this way and then moved to more of a BRRRR method?

Thanks everyone!