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All Forum Posts by: Rj J.

Rj J. has started 3 posts and replied 7 times.

Post: Buy, Renovate, Rent, Refinance, Repeat strategy questions

Rj J.Posted
  • Investor
  • Connecticut
  • Posts 10
  • Votes 2

Hey BP!

I'd love to hear anyone's experience using the BRRRR strategy.

What are some key takeaways from your experience?

What's some things you would do different?

What are the advantages to this strategy?

Can you share/walk us through an example of one "BRRRR" investment?

Thanks for sharing!!!

Post: Dave Ramsey Philosophy + Buy & Hold Strategy = ........Reality???

Rj J.Posted
  • Investor
  • Connecticut
  • Posts 10
  • Votes 2

Thanks for your comment Gino.

I completely understand and respect your thoughts.

I just want to see if anyone has had experience investing in real estate while focused on the Dave Ramsey strategy.

Thanks for the input

Post: Dave Ramsey Philosophy + Buy & Hold Strategy = ........Reality???

Rj J.Posted
  • Investor
  • Connecticut
  • Posts 10
  • Votes 2

WOW!!! Thank you so much for sharing Julie.

This is truely the strategy/lifestyle my girlfriend and I want for our future.

Can you explain a little more about how you manage 9 duplexes while both of you work full time jobs?

Thank you again!

Post: Dave Ramsey Philosophy + Buy & Hold Strategy = ........Reality???

Rj J.Posted
  • Investor
  • Connecticut
  • Posts 10
  • Votes 2

Hey BP'ers,

I'm a huge fan of Dave Ramsey and his philosophy of being debt free yet I also have goals of owning rental property and cashflowing $10,000/month from rentals.

I would love to create a strategy of buying rental unit(s) (2, 3, or 4 family homes) and using the cashflow to pay down the mortgage so that at some point in time the property is paid off. What do you think of this strategy? Is it realistic?

I would love to hear if anyone has incorporated the Dave Ramsey philosophy to their life while investing in real estate.

Thank you!!!

Post: Anyone have experience buying HUD homes, living in flips/rent?

Rj J.Posted
  • Investor
  • Connecticut
  • Posts 10
  • Votes 2

Thanks Melissa, congrats on the reo.

How was your experience?

Can you explain the qualifications/benefits for the 203k loan?

Thanks again for te advice.

Post: Anyone have experience buying HUD homes, living in flips/rent?

Rj J.Posted
  • Investor
  • Connecticut
  • Posts 10
  • Votes 2

Thank you for the advice Michael, I will do that.

Post: Anyone have experience buying HUD homes, living in flips/rent?

Rj J.Posted
  • Investor
  • Connecticut
  • Posts 10
  • Votes 2

Hey Everyone,

My girlfriend and I have real estate goals of being landlords and within 10 years get to a point where we are generating $10,000/month in rental real estate by buying 2, 3, and 4 family homes and at some point, small apartment buildings/complexes.

We are looking to buy a HUD home as an "owner occupant" in Connecticut in 2016, live in the house for 2 years while rehabbing it and then either selling or renting the property and then repeating this step all over again with a different HUD "owner occupant" home.

I would love to hear from people who have used this approach and their experience.

Some of my questions are:

What is the process of buying a HUD "owner occupied" home?

What is the benefit of buying a HUD "Insured" home ver "Uninsured?"

What are some things I should look for which makes a good deal and things I should stay away from?

Thank for the input!