All Forum Posts by: Todd Concienne

@Blake Edwards. I have stopped contributions to a 401k and contribute now to more liquid assets such as gold. Once the buying opportunities come back (which they will) we will convert the gold to hard real estate assets. We have also sold stocks within our rollover IRA accounts and are now holding mortgage notes. We have very little wealth in the stock market at the moment.

@Shawn Westbrook welcome Shawn and great introduction. My wife and are both originally from SE Texas and know those areas well. If there is anything I can do for you or questions I can answer let me know I would be glad to help.

@Jim K.

If they need replacing I do them myself although I have not had to do 8 at a time. I usually update with more energy efficient ones when it comes time to change. If I had 18 to do though I would likely contact it out.

@Michael Griffith

I would look at the HELOC option first. If that doesn't work out send me a DM and I can provide some options at that amount but as a first position.

@Aris Mantalvanos I am familiar with the area but personally do not invest there and would not. You are correct it is probably not an appreciation play, at least in the short term, as what you can potentially get closer to Raleigh. You need to check crime rates in the specific neighborhood you are interested in and do very good due diligence on the property. Be sure to check vacancy rates as well as rent delinquency rate. As you get to that 2% rent to value rate it should throw red flags as to why. These are usually going to be below C neighborhoods. Check the relative school districts as well. This will be Vance Granville schools most likely.

@Cesar Perini it depends on the motivation of the seller but yes all cash typically allows you to offer a quick close and a lower price. You can then later refinance and get your money or a portion of your money back out to do another deal ie BRRRR

@Carl Boswell welcome Carl!

@Faruq Mcallister I think it is going to be a personal decision for you. Personally I leverage the equity in my Primary through a HELOC (as well as other financing strategies) to BRRRR deals. But at the end of the day it's going to be a personal decision based on your situation and investment strategy. I will tell you that the money through HELOCs is cheap right now and tax free so it is a preferred leverage tool of mine. Write out all your options and make the best decision for you. Best of luck!

@Peter York this is exactly the strategy I use to invest in real estate and other investment opportunities. I have a whole life permanent insurance policy. I have become my own banker with this vehicle and take loans against it to invest in real estate deals as well as other investments.

The advice I would give you though is to make sure you work with an infinite banking practitioner because it is extremely important that the policy is structured to suit your needs. Not all life insurance policies or life insurance salesman are creayed equal. Do your homework before jumping in so you understand fully what you are jumping in to, how to use your new “be your own banker” system, and the discipline it will take. Study Mr Nelson Nash’s work become your own banker, read as many books on the subject as you can.....many are free. Search be your own, infinite banking system, cashflow banking system, what would the Rockefeller’s do, the banking effect. For me it has been a game changer

@Emily Register. I just finished a BRRR outside of Raleigh. My numbers were such: 60k purchase price 15k rehab and appraised for $112k. My portfolio lender does not have seasoning requirements and would lend as much as 80% or $89k however I chose not finance more than $69k to preserve cash flow and left $6k of my own money in the deal. This is a typical deal for us and we always look at the CASHFLOW metric over any other. You can find deals if you want to leave nothing in the deal but you have to be patient, have a good network, and typically purchase quick and with cash. Also you need a good relationship with a portfolio lender (one that keeps loans in house) that understands your business and your goals.