All Forum Posts by: Ryan Clevenger

I meant to post this with the original post.  This is what I'm down to.  There is about a 1/2 level difference on the transition  @Brad Hicks @Victor N. @Kyle McKnett @Scott Schaar

I'm currently remodeling the bathroom in my first investment property and I've hit a wall.  I ripped up the floor all the way to the planks.  They are tongue and grove but not actually pushed together.  They aren't perfectly level.  I went out and bought 1/4 in concrete board to put down before I tiled because thats what my mentor said to do.  But once I realized they aren't level I did some youtubing and I got some varying opinions.  Some said to put thinset down then the concrete board, some said to put plywood down before, and others said rip out the floor completely.  What should I do?  If I put thinset down do I need to put some kind of membrane down so it doesn't drip through the planks?  

Ps I'm trying to do as much by myself as possible

I'm in So. Indiana and looking to buy my first investment property and then use the BRRRR strategy to buy my next property or two. I've been pre-approved for a 3.5% down FHA loan which is what I would prefer to do because the low money down but with it being an FHA loan the house is going to have to be in livable condition to meet requirements for the loan. So I'm wondering if the BRRRR strategy still applies? In my area(Southern Indiana) I'm looking at houses in the 30-50k range that if I put about 10k into they should in theory be worth about 50-80k. Thanks in advance for any help!

Thanks @Caleb Heimsoth and @Cassi Justiz. I'm wanting to do a live in flip, the home was going to be my primary residence but I just didn't realize that I had to live in it for atleast 6 months. I guess that means if I got the conventional route it'd be better to look at multi-family and possibly use the BRRRR strategy

I've started the process of talking to brokers about getting a conventional loan(preferably FHA) to do my first flip and I'm straight up with them by telling them I attend to flip the house as soon as possible. A couple brokers have told me they don't do conventional loans on flips and refer me to one of their commercial mortgage brokers but I don't want to do a commercial loan because of the higher down payment. So do I act like I attend to live in the home for several years so I can get the loan or do I keep on looking for a lender that will work with me? I don't want to lie because I'm looking to build relationships so I can continue to do this far into the future. What are my options? And thanks to anyone that takes time to read this and reply! Anything helps

Hi, my name is Ryan Clevenger and I'm new to Bigger Pockets and new to real estate investing on purpose.  To clarify "on purpose" I bought a home in Fort Branch and lived there 4 years and then sold it for a pretty nice profit but it was never an "investment".  Now I'm wanting to use some of that money to do my first live in flip.  I've started the process of talking to mortgage brokers.  I'm here to meet with like minded people and people with more knowledge than me.  I don't have much to offer in the way of knowledge but I can buy a beer, lunch, or even some grunt work when you are demoing a flip if thats what it costs.  I look forward to being part of the community