All Forum Posts by: Shavar G.

@Jessica F.

"P.S. Burning bridges with people you are asking help from is not a way of gaining help."

@Gaurav Bhasin - I called several credit unions in my target area and found more than one bank that had no seasoning period, and would lend up to 95% LTV (if refinanced in my personal name) and 80% LTV (if refinanced under my LLC). My suggestion would be to call around; the terms offered to you by this institution are not the only options available.

@Keenan Rusk - I'm in Washington, DC and I'd love to sit down with you sometime and pick your brain (relatively new investor to relatively new investor). I have a couple of buy and hold properties already and am looking to employ the BRRRR strategy moving forward to add to my portfolio.

Good post.  Thanks Derrick

Daniel 

I purchased a duplex @ $131k, no money down, no closing costs, 4.1% interest, 30 yr am, with rents of $825 a piece in Norfolk, VA. Property cashflows after vacancy rate and expenses.

Thanks for sharing your experience.  Could you speak to your method for estimating rehab costs while analyzing the deal?

Are there any experienced real estate investors in the Hampton Roads area of Virginia willing to trade a little of their time for mentoring purposes in return for free labor? I'm a new investor, I just purchased my first duplex, and I'm looking to get some real world experience and interaction with the pros. I have NO experience in construction, but I am a fast learner, and I work hard.