All Forum Posts by: Chuck Klinger

@Jason Butts buy a cashflow note secured by real estate. Make sure it is 1st position recorded. You can always lend it as well to rebbers. Again, make sure you are 1st position. If they default on the note you can foreclosure on the property. So that being said, you also going want to make sure you like the property and location etc.. Do your due diligence!

@Martin Neal thanks! I have never seen that acronym before.

@Shawn C Steider I am having the same problem. I wanted to do a cash-out refinance and put down on another rental property but the property value/purchase price seems too low to finance. I have a property that is only valued at 70k and balance of 21k.

@Kingsley Edemidiong there are number of ways to benefit from multifamily. You can start out small such as a duplex or a quad. You can go Bigger if you raise private money by syndication. Also, if you have your own money then one way is to invest in someone else's deal passively to learn.

@Martin Neal what does BRRRR stand for and mean? If it was somewhere in your post forgive me. It was a long post! LOL

@Charlie MacPherson. The wholesale asignment fee that rehabers pay is basically the marketing the wholesaler has done to find the property! Most rehabers would rather spend their time on the property not marketing. It is a lot of work to find these deals. I know plenty of rehabbers that are happy to pay the assignment fees.

@John Thedford you are not brokering as long as you are on the P & S contract and deposit earnest money.

I don't know the area.  You may talk to the seller if you are interested.