All Forum Posts by: Zachary Beaulieu

Quote from @Jaron Walling:

What you described is new construction, no? 

If you're trying to blend the two strategies I guess you could call it rent-to-own or lease-to-own. You would target buyers that cannot qualify (currently) for residential loans. 

Yes it's new construction. I'm not looking to sell the property after
it's complete. Wanted to rent it out. Just looking to use the BRRRR method in some form and repeat. Best option for this scenario for this while squeezing out all the rewards? Or is there another way of doing this that I'm not seeing.?

Hello, So I'm looking at a plot of land a little cheaper than the average where I could pay cash in full for it myself , looking to build a single family home, but use the BRRRR method and to do this to another plot of land. First time doing the BRRRR method like this .

What would be the best option of how to do this and repeat the process and so on and how to use equity and borrow against it to do the same?

Hello, so I just need some clarification.

I am considering buying a piece of land from someone down south and the goal is to build a home on it.

The land is actually cheap that I can pay it off, but the seller has financing  options through his own company.

Land in the area is also cheap to where I had the idea of building a property, having it appraised and using equity to borrow against it into another piece of land there and repeat. (Correct me if I am wrong, if that is how it works.)  There is no banks or mortgage companies involved, just me and the sellers company for financing. 

My question is, what is the best way to go about this?

Thanks.

Hello, so I am looking to do my first actual investment very soon and have narrowed it down to looking for a single family home 3 bed/3ba that is zoned for multi family, so I can house hack to rent or AirBnb in the Tampa Bay Area. Now I have around $12k capital and my family will match it and they will help with the loan for internal work. 

Now from everyone's experience, What is the right way of doing this kind of investment?

How do you look for a deal like this?

How do you find out the zoning in a particular neighborhood and how to get it fixed to zone it?

What kind of loan would be best for the lowest percentage amount down for the house and how much of the loan should be considered for internal work? Better way?

Anything else I should know before going into this? ( obsticles, tips and tricks, Wish I knew that... and etc) Thank you very much everyone!

To answer everyone's questions as a whole..

Yes,  this is new construction, this is my first investment, I am very handy myself (can put in insulation, drywall, appliances.) . I am in South Florida, there are many builds for container homes and complexes here and even in the Tampa/Orlando area. The containers, shipping, electric and water, will be paid by myself, my other family member will match the costs for what I will pay for. Mostly to be used as a the remaining construction in the containers.  Estimated about $25k capital.
we know who we are going with in regards to quotes for the containers, shipping, electric and water.   Looking at land in the ballpark of $40k-$80k.

I have approval from all the cities in my area and they have been approved, but will need to be designed by a Florida engineer. (Thoughts since I have the blueprint?)   

What is the contractor's role in this when I am able to put in insulation, drywall, appliances myself?

I haven't spoken with the banks or hard money lenders just yet. Any advice on who would be best with everything mentioned above?  Thank you, everyone!

I am looking to buy a plot of land to place.  2 shipping containers each being unit. (I live in a state where this is accepted)
The ultimate goal is to rent it out by using short term/vacation rental(AirBnb), creating passive income, and have the ability of doing this again on another plot of land.  I have my own money and a immediate family member going to help with the loan as well as their own money. I have a blueprint as well that was paid for to be used as the plan for both units.

My questions are:

Can a form of the BRRRR method be used in this investment?
What kind of additional financing would be the best option for this investment?

Bank loan or an alternative loan?

Electric and Water first before putting down the containers?

Who else is needs to be essentially involved with the blueprints and the inside compared what I can do myself?

How long until I can look at another property in the future? 

Any other advice for this investment I will accept, please and thank you.