Luckily the property hasn’t gone down in value so the lender lists it for $400k and gets it.

Find a good lender, get pre approved, make sure you practice running the #'s using the 100's of videos and guides from BP, find an investor friendly Realtor, and then start making offers on any property that meets your goal.

You can reach out to my lender at First Bank for a great 2nd home loan 10% down.

You can save a lot on costs if you do many repairs yourself.Look into hard money lenders or private lenders for the initial purchase and rehab.Connect with wholesalers, agents specializing in investment properties, and other BRRRR investors to find deals and learn more.

While not my main area of practice I represented a Brooklyn credit union lender, some buyers/sellers and a few landlords in real estate transactions and rent arrears cases.While we had successes and some failures along the way I ultimately concluded that I wanted to do something different with my life and cashed out of the business.

Using a 65% collateralization with our lender.  

Prices have come down1trip or new-  $2,950CW- cargo worthy $2,100WWT- wind water tight $1,800Discussed a new Self Storage location near an A market with our lender.  

I do have a third goal, but too much will happen by the time my second goal materializes that my third goal will likely change drastically.Also, I tend to find myself wanting to ask market-specific questions to agents/lenders/investors/contractors/etc. a lot.

For example you own an investment property that does not qualify for institutional financing, and you’re paying 12% interest to a hard money lender.

I’m not even a lender.