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All Forum Posts by: Philip Jansen

Philip Jansen has started 0 posts and replied 2 times.

Post: 1st BRRRR Success(ish)

Philip JansenPosted
  • Rental Property Investor
  • Lubbock, TX
  • Posts 2
  • Votes 2

@Michael Doherty thanks for sharing ... I’m in the research phase right now!

Post: So what's holding you back?

Philip JansenPosted
  • Rental Property Investor
  • Lubbock, TX
  • Posts 2
  • Votes 2

@Frank Patalano right now I'm actually in a pretty good position to start out. I have a strong income from my janitorial company that employs approx 160 people in Lubbock Texas. I have some capital but can quickly raise more. I'm a pretty conservative guy so until I get a few under my belt I don't plan on over leveraging just right way. I do own the office/warehouse that my company leases from my LLC. I'm excited because I purchased the land (a half acre) right on the growth pattern of the city for 62k and now the lot next to me asking price is 195k. So 1st step for me is I want to set up another LLC and second step will be to get with a commercial lender to arrange a commercial line of credit as I'm wanting to make all cash offers. I'm really excited about the BRRRR method. I just hope I have success analyzing the deals!