All Forum Posts by: Victor Rolon

Hello BP community, My name is Victor and I live in Suffield, CT. I'm excited to join this amazing community! I've been studying real estate investing for several months now and have listened a lot of podcasts and audio books. I am also starting a realtor license course today. I have been trying to network with other investors in my area and even tried to offer any assistants with their real estate business but have been unsuccessful. Trying to learn as much as I can on my own has been somewhat of a struggle but I keep moving forward on this path. My goal is to reach 15,000 passive monthly rental income within the next 4 or 5 years. I have a good job that pays well but trying to save a portion of my income is tough as I have a fairly young family and what I make just pays enough to cover the bills. I am currently looking to get another job so I can put that money aside for real estate investing. Until then I am trying to get into wholesaling to potentially put money aside to dump into rental property. Thank you all and again, I'm really looking forward to meeting and connecting with all of you! Victor Rolon

@Brandon congratulations!

@Mike McCarthy thank you for the advice!

If this works out for me this will be my first deal. This is still all new to me so I’m learning. Thanks again!

Hi BP Family!

I got some questions about the BRRRR method and wholesaling. Is it possible to combine these two strategies together?

Here is my story.

My wife’s father passed away about 2 months ago and he owns a 3 family. As of now there is a tenant renting on the 2nd floor and a relative sort of renting on the 3rd. The first floor is being occupied by my wife’s sister who is basically squatting but we are currently in the process of hopefully evicting her the legal way.

My wife’s dad was in the hospital and his care was basically taken care of by the state, so once we sell his 3 family, the state will need to be paid off. Not sure how much they want, he was only in the hospital for 5 or 6 months, roughly.

First question, would it be feasible if I was to try and wholesale it for myself then turn around and purchase it or would that be some sort of conflict if interest??

Second question, if I did manage to buy it at a wholesale price could I use the BRRRR method to fix it up and then refinance it 6 months later?

Anyone have any thoughts on my situation?

@Alyssa Dyer thanks for that advice, makes a lot of sense. I appreciate it and will make a note.

I am currently in the Connecticut market but I have only lived here for about 3 years now so I am still trying to learn it. However I am originally from the Massachusetts market, which I have lived in for well over 10 years, so I know the market very well there plus I have a realtor that is licensed in both markets.

@Mike D'Arrigo ok thank you sir, appreciate the advice.

@Jonathan Ok, will do thanks!

@Dean Letfus awesome thanks!

@Sam Teifke ok thanks for the information

@James Wise got it thanks for the information!