Been driving for dollars lately and realized the need to have the documentation ready in case an owner is willing to engage.

Now, my business model was to buy a 2-4 multifamily properties with 25% down that were fully rehabbed and ready to rent or already rented but i realize that it’s a very basic and costly strategy and that I have been limiting my growth by tying so much of my money up into every deal so I’ve been looking into the BRRRR strategy but it’s been literally IMPOSSIBLE to find a good and reliable General Contractor in my area.

I realize as a beginner it is easier to get started on deals that are close to me but having friends and family nearby I feel a little better about going through with it. 

Mainly that it was a pretty big distraction from my W2 job and I quickly realized single family BRRRR wouldn't scale quick enough to meet my goals. 

I realized however that I can't just have the lease payment go towards the purchase price, at least I'm assuming I can't due to Dodd Frank. 

With these strategies, I have cash flowed well over $1,000 a month and am still realizing the appreciation of Denver. 

It’s just Texas cash-out A6 is their problem I guess —- that’s why my lock desk didn’t realize an issue because they let us price the loan but then the investor said no Fannie won’t take multiple units Texas cash out.

It’s just Texas cash-out A6 is their problem I guess —- that’s why my lock desk didn’t realize an issue because they let us price the loan but then the investor said no Fannie won’t take multiple units Texas cash out.

Also just realize that a GREAT realtor is going to be very very busy!

I also see older investors getting out of the game and people who jumped in and realized that real estate is not their ideal way to make money.