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All Forum Posts by: Tim Mackinem

Tim Mackinem has started 3 posts and replied 6 times.

Post: How to divide a partnership for a BRRRR?

Tim Mackinem
Pro Member
Posted
  • Rental Property Investor
  • Charleston, SC
  • Posts 7
  • Votes 1

@Joseph Firmin

Thanks for the feedback.

Post: How to divide a partnership for a BRRRR?

Tim Mackinem
Pro Member
Posted
  • Rental Property Investor
  • Charleston, SC
  • Posts 7
  • Votes 1

I’m starting a partnership with my brother-in-law. We are going to do BRRRRs. He lives in NY and I live in SC, which is where the BRRRRs will be done. I plan to do a lot of the work myself. We both have the money to make the cost a 50/50 split. Any suggestions on how to divide this since I will be doing the majority of the work? I will hire contractors for the work can’t do. Thanks Tim

Post: Looking at pre-closure homes on Zillow

Tim Mackinem
Pro Member
Posted
  • Rental Property Investor
  • Charleston, SC
  • Posts 7
  • Votes 1

@Terry Paul

That does help. I figure to go through an agent, but actually this is something I can do myself.

Post: Looking at pre-closure homes on Zillow

Tim Mackinem
Pro Member
Posted
  • Rental Property Investor
  • Charleston, SC
  • Posts 7
  • Votes 1

Thank you Sam.

Post: Looking at pre-closure homes on Zillow

Tim Mackinem
Pro Member
Posted
  • Rental Property Investor
  • Charleston, SC
  • Posts 7
  • Votes 1

I'm looking for a single family house to BRRR. I see pre-foreclosure and foreclosure homes on Zillow. Is it wise to look at this type? Is there generally room to give low ball offers? I live in S.C.

Post: Newbie from Moncks Corner, SC

Tim Mackinem
Pro Member
Posted
  • Rental Property Investor
  • Charleston, SC
  • Posts 7
  • Votes 1

I'm looking to do my first BRRR and I'm planning to use HELOC for cash. I have started to look at rehab potentials on various sites. I would like to find a realtor in the area that has done some BRRRs. I plan to do some of the rehab myself as I consider myself a handyman. I do work full time, but I'm 60 and plan to retire in a year and a half. The rehab portion is something I will enjoy.