All Forum Posts by: Yumiko A.

Please keep us posted. Looking forward to it!

Hi, are the monthly meetups still happening? Interested to join!

Hi there, is there a sign up needed to attend this Renton/Seattle meetup?

Thank you!

 Yes, that helps a lot! Thank you!

 Good idea on getting a hard money lender to finance the rehab costs. Do you know if there’s a penalty if you pay right when you get refinanced? Would want to avoid the high interest rates. Thank you!

I've read that you need to get a non-recourse loan from a bank to fund rehab costs. Assuming this is doable, has anyone BRRRR-ed using Solo 401k funds, refinanced, and add the cash back to the Solo 401k? Then do it all over again? I know you won't get the cash in your pocket right now but it seems like a good way to grow retirement funds.

Thank you!

Please share your experience! Would love to hear from experts and real-life experience! Thank you very much!

A. Market

B. Purchase Price

C. Rehab cost

D. Time spent to rehab (from close to posting listing as STR)

E. Financing Used

G. Monthly net income from STR after PITI, cleaning, management fees, etc.

Very new to real estate investing here and looking to start my first BRRRR. I'm looking at affordable markets such as Columbus OH (any other market suggestions welcome) because my down payment and rehab funds are limited (hoping to stay at around $40k) and I'm hoping to do a cash-out refinance to get more cash to invest. How do people find good BRRRR properties? Does it need to be rundown so you can get more value after the rehab? How long does rehab usually take these days? I'm eager to invest and re-invest so a fast turnaround time would be great (might be asking for too much!).

Any help/tips is appreciated! Thank you!

Hi, I'm interested in getting STR data from AirDNA for multiple markets but their monthly fee is very high ($500+ /month for an annual subscription) for all markets. I've reached out and asked for say a whole state but the cost is still about $200/month (annual subscription). Any tips on how to negotiate for lower costs or other alternatives to similar data? Thank you!

 Thank you, Mary! I hadn’t considered an unsecured loan. I’m just worried about exorbitant interest rates. I’ll ask around!