All Forum Posts by: Oskar Beckmann

Hello,

@Jennifer Beadles
@Richard Heine

@John Leavelle

Thank you for taking the time to post answers on this thread. I was confused after watching the BP BRRRR video and your answers make sense. I also learned that BRRRR might not be the correct method to use for the properties I'm analyzing.

Thanks again for your advise for an upcoming REI.

   Oskar Beckmann

Hello, 

I was recently watching one of BP's videos on the BRRRR strategy and had a question about one specific aspect of this strategy.

How is it that a property produces income and cash flow during the acquisition face of the BRRRR project? 

If we have to come up with the money, make monthly payments to the lender, spend time and money rehabbing the property before we can get any tenants in there and wait "6 to 12 months" (depending on refinance details of the bank or lender); how can I make sense of income and cash flow during the acquisition face part of the results page of the BRRRR calculator?

Thank you,

   Oskar

Thank you BP for the amazing community you've brought together.

Hello,

I'm interested in meeting and networking with other REI s in San Diego.
I would love to be part of starting a small meet up and I can also drive to La Mesa.
Thanks for the tips on the existing meet ups.

Thank you @David Faulkner

I will look into that.

This forum has been truly helpful!!

I am new to BP and to REI as well and have been looking at MFR in San Diego.

I didn't know that the requirements for an FHA loan where that strict as to require new paint if the paint is 3 years old.

I am looking to put my sweat equity into a MF that I can fix up while living in one of the units and was hoping to be able to get it using an FHA loan because it allows a smaller down payment.

Any suggestions for lenders to look into and/or lenders to stay away from?

I am open to looking into other, less expensive markets in SoCal but can't go too far from San Diego since my wife is a student and I work here at the moment.

Any recommendations for more affordable upcoming MFR markets that I should be looking at in SoCal?

Thanks for all your contributions, I've learned so much from these forums, the BP podcast and the book recommendations at BP.