All Forum Posts by: Michael C.

@Basit Siddiqi i have to continue to look into it more and see what the benefits are to make sure it would be worth it. Thank you!

@Darius Ogloza thank you! someone told me it would be a good idea to get, so i figured i would look into it more, the whole getting started sounded complicated and cost a good amount of money so i didn’t know if it would be worth it or not. I may just wait and see i guess.

@Erik W. Thank you! it sounds like my best bet is seeing an attorney to see what they recommend then. i appreciate the help.

Hey ,

So i am brand new to the world of real estate and recently bought my first two family. I was just wondering if it would be a good idea to get an LLC before i started to get more investment properties?

Thank you!

@Nicholas L. yes it is, it’s mostly just cosmetics , as it has a new roof, no foundation issues , newer HVAC. The bathrooms will need to be re done, and so does the kitchen which i think will be the bigger expenses

Hey everybody, would this deal make sense for the BRRR method.

Would it make sense to buy a home for 65,000$ that needs 15,000$ to repair(rough estimate). The ARV is $130,000. The average rental in the area is 1,200$-1,300$.

I am just getting started in real estate and would like to make sure I’m not a starting out on a bad foot. Any advice would be greatly appreciated. When I did the math in my head it seemed like it would make sense but a little expert advice would be huge for me! 

@Andy Crawford yes! That would be awesome, maybe one day we could get lunch or coffee and you could teach me a few things . I recently bought my first two family but still have so much to learn. I am brand new to real estate so I need all the help I can get! Thank you!

Hello everybody! i am new to real estate and have recently tried to learn how to do the BRRR method, i wrote an example with rough estimate numbers. I just want to make sure i am understanding and doing it right. I am honestly just looking for advice to further my education on this topic. (Writing things out is the best way i learn) This example is from a combination of things i have learned from bigger pockets as well as books i have read and market values i have been trying to keep up with.

I would like to build a large portfolio of rental properties to build a passive income. 

Thank you for your time and help!!

Hello everybody! My name is Michael Chaney i am a nurse from Cincinnati, Ohio and have recently decided i would like to get into real estate. I would like to do the BRRR method. I recently bought a two family to live in while i discovery how real estate investing works. I would like to use bigger pockets to make connections with people, learn how to better do the BRRR method as well as other options in real estate.

Thank you for all the help in this journey and i look forward to growing with all of you.