All Forum Posts by: Rich G.

@Jonathan Leal will do Jonathan!

@Peter Vander Valk, thank you, I will be sure to do that. I’m actually looking at a property now and would be happy to hear what you can offer

@Stacia Privett, awesome 😄

@Chrissy Posney thank you, I will definitely read that book!

@Shawn Mcenteer thanks! Much appreciated, yea I also agree finding a duplex is the way to go

@Joseph Guzzardi Jr thanks, appreciate the advice. Definitely seems like FHA might be the best option.

@Aaron K. Thanks really appreciate the advice! Also, finding the cost to rehab a property, what’s the best way to do that if I’m looking at properties on online would asking a contractor be the best way or is there usually a tool online?

Hi @Joseph Guzzardi Jr, thanks for the suggestion, should I look for fixer uppers or a turnkey?

Hi @Aaron K., what about hard money loans?

Hi Everyone,

I’m really interested in real estate and have been for a while. I’ve listened to podcasts, read some books, watched videos and I’m eagerer to get started. My goal is to purchase a 2 family and rent out one of the floors. I’m looking for a place in New Jersey not too far from NY. I don’t have a ton of money saved. I recently found a decent paying job that can fund some of my endeavors.

I would like to try the BRRRR strategy. Where I would find a private money lender that can front me the funds for a percentage of the purchase and rehab cost. After that I would like to refinance and pay off the fees and eventually repeat the process.

I don’t have much experience outside of reading about real estate and private money lenders. I’m wondering if i should try this approach or if I should go purchase a property traditionally that’s turnkey?

One of the biggest hurtles for me is crunching the numbers and figuring out the rehab cost. Any advice?

Thanks in advance!