All Forum Posts by: Richard Bradshaw

@Steven T. I would lend out the $2mil for about 7% and live off the interest. Maybe perform a couple flips for the hell of it. 

@Brady Inners Great business to get into. I haven't flipped yet but I have been buying distressed properties, fixing and renting them out. Feel free to connect and ask any questions, I'd be glad to assist. 

@Salvatore Lentini I'm hoping to get into the multi families soon. Where are you multis located? What is the average number of units for your multis? 

Haha I know what you mean. It gives you tunnel vision sometimes. Since you're PRO, you have access to all the past Webinars, go back and take a look at the one on the BRRRR method. You can use that to your advantage. Good luck! @Angela Justis

@Angela Justis

Well, I think you'd be okay to refinance your current residence at 80% and pull $9,000 out of that. Use that money and maybe some savings to purchase a rental. You can do a lot with $9k if you utilize the BRRRR method and a hard money lender. I have purchased 2 properties with $6k of my own properties and have them rent. I plan on refinancing both and pulling equity out of them. This strategy eliminates the need to save for another downpayment, gives you instant equity and allows you to scale quickly.

I would go with a owner occupied 3-4 unit. That will make it a lot easier to secure a second loan since your first one will be producing income. Also, getting a multi on a VA loan is always a win win. A 3-4plex will also allow you to save the money you would use on your person home mortgage to save for a down payment.

Definitely require upfront points or you are leaving money on the table. I would charge 5 points considering it is only a $20k loan 

Glad to hear it fellas. I'll PM you both and we can figure something out @Weiwei Gao @Jake Thompson

Hello all, I'm an investor from Pennsylvania. Will be in San Diego and LA in the middle of this month. Would love to meet with some investors  and just talk about our respective markets. I am interested in So. California. @Account Closed

@Percy N. Do you know any portfolio lenders that would lend in Berks Co?