All Forum Posts by: Shaun Sperry

Read David Green 's book on BRRRRing. One of the first thing he mentions is when building your team, you need an investor friendly realtor (preferably one that invests themselves) that can write offers for you. Once you are working with a Realtor, that does not mean they have a fiduciary responsibility to write your low ball offers. While a fiduciary is someone who has your best financial interest first before anything, that does not necessarily make good business sense for the Realtor because it burns valuable time and degrades the fiduciary relationship they have with their other clients.

Hey Eric, Way to go on the first post! I'm in the same position looking to connect with people to get started BRRRRing. Lets connect and hopefully we will be able to use each other as assets and compare ideas.

Congratulations Anthoney Hanks! Everyone has to start somewhere, hopefully I will be right on your heels with my first BRRRR this year.

Interested to see if anyone replies to this thread. Andrew Vincent, did you ever contact Bacchus? Any potential there?

Happy Investing,

Shaun

I am looking to the BP community for some advice on my first post, popping my cherry finally. 

I am looking to take out a HELOC on my primary residence for my first BRRRR. I do have reserves, but it is mostly for emergency purposes and will be a back up if all else fails. I know most BRRRR investment properties will not be able to qualify for a conforming loan, but if the property is able to qualify, will it be a problem for lenders to have have a large line of credit on my credit report (for example purposes, maybe up to 45% or 55% DTI. I currently have a 24% front and back end ratio ( I believe), no other debt except primary residence PITI. I dont want to be caught in a bad position, but I also want to be ready to pick up any deal cash and I am willing to take the chance on using the HELOC if I can make the numbers work.

Happy investing,

Shaun