All Forum Posts by: Robin Simon

Welcome!

Congrats - great writeup too

Quote from @Ryan Ludwick:

Hey, I just joined the platform and wanted to introduce myself and say hi.

I'm a software engineer, currently based out of Portland, OR. New to RE investing, have watched tons of BP episodes.
My goal is to pursue mid-long term buy and hold rental properties, either single or multi-family. Looking to learn about things like out of state investing, house hacking, scaling portfolios, building a team / process. Open to different markets to invest in and curious to learn more about them. Happy to connect as well.

 Welcome to BP - house hacking / mid term rentals are great strategies esp starting out, I think you are right on with initial gameplan (Oregon can be challenging for landlords though so good that you are open to other markets)

they look like they have a legitimate website but I'm not seeing them on here or any google reviews which is a little fishy (unless google is just not showing me for some reason)

Honestly seems like a little overkill on this decision - unless its strictly a rate-term refinance because rates have dropped, it usually just should come down to a side by side comparison of status quo vs. refinanced (+ how any cash-out capital is deployed)

More Alabama Rental Property Loans (DSCR Loans) and Alabama Hard Money Loans via Easy Street Capital!

💵Just Funded💵🛠️Fix And Flip Loans🛠️
$133,918 Hard Money Loan for a fix and flip project in Saraland, Alabama! This full time real estate investor (flipper and Alabama Realtor) secures this 1966-vintage SFR for a very quick cosmetic rehab and sale! via @Savannah Holzer

💵Just Funded💵
$166,400 DSCR Loan for the purchase of a Single Family Rental in Tuscaloosa, Alabama! Easy Street continues to provide the best financing for rental property purchases - this investor locks in 6.875% rate with only 20% down payment - Strong Buy!🏡💰

More Easy Street Capital Washington DSCR Loans (Washington State Rental Loans)!

💵Just Funded💵🏔️Washington DSCR Loans🏔️

$283,800 DSCR Loan on the refinance of a Single Family Rental investment property in Tacoma, Washington! Another great 🧊BRRRR Method🧊financed by Easy Street - nearly $100k value created - less than 6 mo. project turn time! ⏰🛠️💰

💵Just Funded💵🏔️Washington DSCR Loans🏔️
$422,499 Acquisition DSCR Loan for a duplex (two-unit) investment property in Tacoma, Washington! This property purchased "turnkey" and ready to lease - assuming market rents - should cash flow nicely - 7% 30-yr fixed locked in! 🏘️💰🔏

Quote from @Jon Averette:

Hey folks! I'm a 30 year old husband and soon-to-be dad in a dead end sales job in Alabama. I've been interested in real estate investment since college but I've either been without the capital or without the confidence to take the first step. I'm very interested in BRRR but find it a little intimidating. I'm joining Bigger Pockets to try to connect with people who can teach me and encourage me. If you're local to central Alabama I'd love to hear from you!

Welcome to BP - Alabama is a great market for BRRRR, I think you are well located to pursue that strategy - lots of great resources here though!

I think its a lot smarter to do a House Hack or smaller two or three unit as a high schooler or in that experience area - not impossible but agree with your list and 8 units jumping in (not sure if Memphis would be a remote market for this investor too) but probably too big a bite of the apple w/o experience and still in school IMO

Welcome to BP!