Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Melba Chambers

Melba Chambers has started 19 posts and replied 165 times.

Post: 2-family buy and hold in C neighborhood of New York

Melba ChambersPosted
  • Rental Property Investor
  • Norwalk, CT
  • Posts 171
  • Votes 138

@Thomas J Petracca congrats, would love to see some pictures.

Post: A flip that didn't need much work

Melba ChambersPosted
  • Rental Property Investor
  • Norwalk, CT
  • Posts 171
  • Votes 138

Congrats @Tai DeSa

Post: First hard money loan

Melba ChambersPosted
  • Rental Property Investor
  • Norwalk, CT
  • Posts 171
  • Votes 138

@Nicholas Groover When I started looking at HMLs I looked at them because I came across an advertisement but after doing some research I was turned off by the upfront cost they require.

Post: No Money Where should I start?

Melba ChambersPosted
  • Rental Property Investor
  • Norwalk, CT
  • Posts 171
  • Votes 138

@Joseph Santiago start by learning as much as you can from BP, saving some money or find a partner that’s will to invest with you. Or one of the best option is house hack if you don’t already own a home.

Post: Palliser Drive Flip that was filmed for The Property Brothers

Melba ChambersPosted
  • Rental Property Investor
  • Norwalk, CT
  • Posts 171
  • Votes 138

@Aidan Kutcher Congrats, that's awesome!

Post: 2nd Property...BRRRR or NOT???

Melba ChambersPosted
  • Rental Property Investor
  • Norwalk, CT
  • Posts 171
  • Votes 138

@Alexander Felice thank you...I will ask more questions for sure

Post: 2nd Property...BRRRR or NOT???

Melba ChambersPosted
  • Rental Property Investor
  • Norwalk, CT
  • Posts 171
  • Votes 138

@Whitney Hutten ok thanks...I’ll look into that

Post: Didn't quite cover my costs on this BRRR.

Melba ChambersPosted
  • Rental Property Investor
  • Norwalk, CT
  • Posts 171
  • Votes 138

@Erich Henson Congrats!!

Post: First Property Investment

Melba ChambersPosted
  • Rental Property Investor
  • Norwalk, CT
  • Posts 171
  • Votes 138

@Brady Allen  Congrats!! Awesome Job!

Post: 2nd Property...BRRRR or NOT???

Melba ChambersPosted
  • Rental Property Investor
  • Norwalk, CT
  • Posts 171
  • Votes 138

I am currently under contract on a duplex that will bring great cash flow, once it's updated. I am still not comfortable when it comes to the BRRRR strategy. I am thinking after I close using a conventional loan, I will take out a personal loan for the renovations. After 6months or so I will look to refinance it pay off the loan. Does that make sense? I feel like getting a hard money loan with my lack of experience will be difficult and I don't want to jeopardize my closing trying to get it done. Any suggestions would be great!!