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All Forum Posts by: Sam DeZeeuw

Sam DeZeeuw has started 4 posts and replied 9 times.

We have a contract on our first investment property! It’s a five unit building, one of those units is an add-on to the building, and it’s going to be a cool Airbnb! We’ve run the numbers and even talk to zoning and it all is falling into place and makes sense.


My sister is a interior designer and she is laying it out for us. The question is, it’s a 700 square-foot unit. Going to be one bedroom. And right now it’s a shell of a unit.  basically we can turn it into whatever we want, and got it affordably enough that it still makes sense to do so.

However, as we build this out, would you recommend making sure there is room for a washer and dryer? There’s not a ton of room. And we want to use every inch very efficiently. On one hand, I don’t wanna waste space getting something that our cleaner possibly has. (Or maybe we don’t. I don’t know. I’m new to this).  But I also could see that having it would make the cleaning process much more effienct. 

Any Airbnb owners have any experience or advice on this?


What would you do? My goal is to begin buying properties to grow my net worth, not necessarily supplement any incomes right away

View report

*This link comes directly from our calculators, based on information input by the member who posted.

Post: Primer - Estimating ARV

Sam DeZeeuwPosted
  • Belleville, IL
  • Posts 9
  • Votes 0

This is such a good resource and well explained! Thank you for putting the time to put this together! Got it saved!

Originally posted by @Max T.:

Stay diversified

Your future self will thank you once the compounding returns get going. You’ve only just begun.

 That's kind of what I'm thinking as well. Thank you for the feedback!

Originally posted by @Andrew Postell:

@Sam DeZeeuw I'm not familiar with this book but I do agree with the post above - that amount of cash would still present a challenge if you are trying to do everything in cash.....so why not use leverage to purchase?  Meaning, why not use a loan?

So the book talks about the power of buying a house that needs a lot of work in cash, forcing appriciation by fixing it up, and then using the ARV to do a cash out refinance on the property to take the exact cash out that you put in in order to buy another deal.

The book give an example of 2 individuals with the exact same type of property, same income, expenses, price etc. But one person used a loan on the first one, and one bought cash and used the above mentioned strategy and after 15 years the difference in the amount of properties they could buy was outrageously higher. Even though it took the guy who bought all cash longer to get started because he was saving up the cash. This makes a lot of sense to me.

While I'm not 100% opposed to getting a loan to get the first property, my goal is to take this approach even if it takes longer to get started.

Hi there!

I'm looking to start the journey of real estate investing and read David Greene's Book on BRRRR investing and I'm sold on that strategy.

Of course like most new investors, the biggest hurdle is buying the first one in cash. I currently have $61,000 in cash saved (after doing a Cash Out Refinance on our primary property when rates dropped like crazy).

But I also have about $28,000 sitting in index funds after investing for a few years (I'm 26 now).

My question is, do I

1.) Try to get started in BRRRRing with my initial $61,000? 

2.) Continue saving until we have more capital and potentially give ourselves more options for properties that come up?

3.) Take out the $28,000 of my index funds (knowing I'll have to pay taxes on the gains), add it to my $61k for a total of $89,000 and BRRRR with that?

I can see the pros and cons of all these options and would love some advice from the experienced investors out here!

Love this community!

Thanks!

Post: BRRRR Investing When Rates are Low

Sam DeZeeuwPosted
  • Belleville, IL
  • Posts 9
  • Votes 0

Awesome. Thanks for the input @Whitney Hutten!

Post: BRRRR Investing When Rates are Low

Sam DeZeeuwPosted
  • Belleville, IL
  • Posts 9
  • Votes 0

Thanks @Tyrone Osilesi! I think that was a piece of that that I was missing in my research - people typically starting this with cash investments. I have about $40,000 to invest roughly. I guess my next step is keep looking for deals that make since with maybe limited options.

Post: BRRRR Investing When Rates are Low

Sam DeZeeuwPosted
  • Belleville, IL
  • Posts 9
  • Votes 0

Hi there!

Im brand new to real estate investing. But am very ready to start my journey. I love the BRRRR method and want to pursue that form of investing.

However, something I'm concerned about (and maybe I shouldn't be) is the Refinance part in today's economy.

Today rates are very low. So if I were to find a great price on a house today and get a 3% rate on it. I'm worried, by the time I'm ready to do a Cash Out Refinance to buy more properties, rates will be higher again, like 4%+.

Is this something anyone else is concerned about? Or is it something that you prepare for when you set your rental prices to make sure the rent is enough to cover the future increased mortgage payment?

I certainly don't want to be stopped by feat to get started. So I appreciate your guys experience and feedback!