All Forum Posts by: Tanner Marsey

0 for now.

Nothing less than 1k when paid off.

Also, be prepared for minimal monthly cash flow if you use the BRRRR method. I think the main appeal of the BRRRR method is the money out of pocket is very little or even none. And In some instances you can even pull out additional money for the next one, however, it's a long game strategy. You're into a property for 0. Cash flow is minimal. But when it's paid off, ideally, you're still into it for 0 and cash flow increases substantially.

Good luck!

You don’t need a commercial loan.

Look off market as well as on MLS.

And BRRRR and "light rehab" don't usually work out. You need some straight beater homes. Gut jobs. Reevaluate your strategy and get after it. You're in a good market to invest!

Costco sells some pretty great flooring. Super durable. Fairly cheap. Easy to install. And usually one color is on sale. And I think they’ll even deliver if you buy enough. That’s what I use. My father also uses it in his rentals. No issues.

@Mark Ambatali

Then hold both and slowly pay them off....

@Frank Wong

Can you explain further your theory on #2?

I'm seriously considering trying out my first BRRRR. only difference is I am fine leaving some cash in the deal. It seems like if the numbers work.... it seems like a valid strategy. Only thing I see being a real hurdle for your average part time/passive investor could be the refi part.... trying to hammer that out ahead of time though...

@Matt Ayoub

Are you investing to maximize cash/net worth or are you investing for stability. Sounds like you desire/have achieved stability. If you’re happy with it.... stay the course.

I'm in the same boat sort of. I really want to pay off my primary residence early. I know it's not the best use of funds in terms of ROI. But I want to retire early. Making sure I don't have a mortgage payment is worth more to me than the ROI I can get elsewhere. Make sure your actions align with your goals.

Your problem is a good one to have.

@Luke Hadden

Economy is good right now. Contractors are busy. It’s hard to get them to show up for anything and get a decent price. I wouldn’t expect to negotiate on a lot of things if it’s your first time using that contractor. Also, try and get in touch with a bunch. And hope one works out. Good luck.

@Victor S.

8.5 pages of people from the Midwest and south that are all about cash flow telling a guy who bought in ca for retirement/appreciation/the long game to sell asap.

Lol. I’m all for being a go getter but how is telling someone who states they are currently a little more over leveraged than they care to be to go pursue buying more properties sound advice? Timing is everything.