All Forum Posts by: Lynn Anthony

@Kenneth Garrett Thank you. I will look into this. Didn’t think $100k was enough to go this route.

@Jon Kelly they are not excuses. As a teacher, I don’t get breaks to be doing research during the day like other 9-5 jobs where they can be on the computer analyzing deals. I then have to do lesson plans at night as well as taking care of my family. House hacking is just not something I want to do since I already have kids, if I was younger and single I would have done it.

Thanks!

Hi everyone! I recently have access to $100k which is in reserves and would like to know the best strategy to invest in real estate. I have studied all the different strategies, however, because of my job I don't have time to go to meetups to network with wholesalers which I think that means the BRRRR strategy is out. If I do a turnkey rental cash flow is almost nonexistent and would only be able to invest in 2 houses. House hacking is not possible for me at my current stage in life. Any other suggestions that would be the best use of $100k???

Thanks and I appreciate all the feedback!

Newbie here…..Would like to hear from more experienced investors as to how you are running the numbers to do a BRRRR with the interest rates rising? If you plug the numbers into the calculator are you having the rate be refinanced at a half percentage or 1% higher to accommodate for rising rates in the future to make sure the numbers work in the future as well?

@Alex 

@Alex Jones Hi! I realize this message is a couple years later, but I am HOH and looking to connect with other investors to brainstorm how to overcome certain challenges. Have you all been successful with networking in groups to obtain properties? That is the area I am unfortunately struggling with. 

@Daisy Ferreiras did you use a Hard Money Lender? I am having trouble figuring out how to add the hard money lending financing into the BRRRR calculator. Any suggestions? Been looking around Charlotte but not sure if I am getting the numbers right.

Hey everyone! I am practicing using the BRRRR calculator so I am ready to jump on a property when I see one. I am lost when it comes to plugging in the numbers for using a Hard Money Lender. Let's say he will charge 10% with 1 point paying interest only. Where and how do I plug that in so I get an accurate calculation?

Hey everyone! I am practicing using the BRRRR calculator so I am ready to jump on a property when I see one. I am lost when it comes to plugging in the numbers for using a Hard Money Lender. Let's say he will charge 10% with 1 point paying interest only. Where and how do I plug that in so I get an accurate calculation?

We are starting up our real estate investing business and creating the LLCs. I had recently heard that if we planned to flip and do BRRRRs that we should have two LLCs. Put the flips on one and the BRRRRs on the other for tax benefit reasons. Can any of the experienced investors shed any light on this or how we should be setting it up? Thanks!

@Brad Hammond Thank you for the info. Sorry I should've been more specific about the buy and hold but we are looking at the BRRRR strategy.