All Forum Posts by: Mary Baccellieri

@Tanner Sherman

Yep!! I listen the podcasts a lot and that was a great story he had. I agree - I know that using OPM can accelerate your portfolio tremendously - but no reward without the risk that comes with it. I think because I am happy with my job and even more so now because I have transitioned to working from home full time (the one positive from COVID-19!), I will look to get a low down payment mortgage from a lender for a duplex or triplex and by the time i get settled with that house, I should be able to use my HELOC on my current fourplex and my additional savings to try a BRRRR out.

@Jason Meadows

Hey Jason! Fellow NYC-er :) honestly, I don't feel comfortable getting involved with my parents and their home. They are very traditional in their views about home ownership. My plan right now is to purchase a second multi family property in NJ using bank leverage because I will get the benefits of living in the home. This will allow my current fourplex to cash flow even nicer than it does now (because the apartment I live in now will be rented out and I'm already cash flowing while living in the property). When I have 78% equity in my fourplex, then I can use my HELOC to do a BRRRR or a stabilized value-add for a third property. Haven't decided yet and I think I need to meet up with investors in the NJ area to pick their brains a bit :)

@Hadar Orkibi

Nice blog, thank you for sharing. And I love to see pictures of a rehab. Thanks!

@Logan Turner

Hey Logan - thanks for the input!! I agree - BRRRR is definitely the fastest method, especially if you do it right and end up with no money in the deal or even make some money if it's THAT good (and the monthly won't hurt cash flows too much). Where have you invested from afar? I agree also about having a solid team - I need to connect with people in the area I'm interested in and start building.

@George Patrick

Wow only $10,000 left in the deal is great. 70% ARV financing is really solid but I'm sure you have proved yourself reliable for that lender to be getting that sort of deal right? I don't currently live in the market that I want to invest in so I'm thinking about using the bank's leverage for my next property because I plan on living in it (will still shoot for a duplex or triplex to house hack). Once I'm in the area and settled, then I will look to find a mentor. I'm reading David's BRRRR book and he always talks about bringing value first and making yourself worth someone's time so I definitely agree with you there!!

@Moises R Cosme

Any counties specifically? Fairfield?

@Sean Julian

Okay gotcha! Well at least you made some profit off it!

@Sean Julian

I’ve never thought of using Facebook before but looks like it’s working for you to build your team. Good luck with the new endeavor! I hope it works out nicely for you.

In your "first attempt" at REI, what methods were you using? Also doing BRRRRs?

@Sean Julian

90% ?! That’s great ! How did you decide on Indiana and how much experience do you have investing out of state? I see you’re in Houston which is a hot market so I can see why you chose the out of state option.

@Emmanuel Depas

Yeah I agree - takes a lot of research and understanding the area but also the help of a good local team! What out of state areas have you invested in?