All Forum Posts by: Travis Hill

no meetup tonight

wish I could be there.

 See what I mean! @Marcus Auerbach is on point!

@Garet Gavito like you I also live in CA (unfortunately) and invest out of state. I have properties in Milwaukee and enjoy the architecture, price point, and rent price. I have a solid team with great communication. Make sure to connect with @Marcus Auerbach or Kevin Gregg. Both are solid guys doing good things there. 

As an active duty service member I invest out of state in solid growth markets. I use private money for the purchase price and rehab. I then refi out with conventional financing, also called the BRRRR method. I use strict underwriting and have a solid team that can complete the walkthrough, rehab and PM to place tenants.

@Victoria Tanaka congrats on taking this first step. I am active duty military and invest out of state (OOS) in Milwaukee and Cleveland. I love Milwaukee and its properties. The architecture, job, population, and vibe is really cool. I own six properties there, all managed by a property management company. I typically use private money to purchase and rehab the property then refi out or the BRRRR method. I have been doing it for the past four years. All properties cash flow with fixed conventional financing. The environment is different now and areas have their own temperament. I own single family and residential multi-family all on the northwest side.

I do not think BRRRR are dead in Milwaukee. I just finished a rehab on a duplex on 61st. I fully expect to get all my money back out of it for an infinite return. What I think is more important is the amount of money an investor may or may not leave in a deal. Is 5 percent ok, 10? To each their own for sure. Where the BRRRR method is going to get messy is with the new seasoning period from six months to a year with conventional financing and how that will drive investors to look at DSCR loans and their level of comparison.

We at Valkere Investment Group are super excited about our three properties there. We share your sentiment and excited outcome! What do you think @Chris Levarek

@Jamie Stone as a survivor from the Great Recession, losing my portfolio, and starting again my first purchase was a turnkey property. I put 25% down on a SFR. I bought it for $105k, it appraised for $120k. That was three years ago. I kept learning and growing my network. I was able to purchase six more homes, all with private lending, one a flip, the rest all buy and hold. Conventional loan rates. I did this all out of state while active duty military. I recommend turnkey. Do they typically tell you all the expenses? No, majority of them do not. Did I run my own numbers multiple times with different exit strategies? Of course. Be diligent. Keep leaning forward. They market is shifting.

@Brooke B. you can use Zillow, Realtor, Trulia, Redfin. These sites will let you search by home type, rooms, bathrooms, etc. This is how you establish your 'buy box.' You will see where these types of properties exist. These platforms also have agents tagged. You might also use BP here to find agents by searching zip codes or cities.