If you have any questions, post them here and tag me.Quick Example:Purchase: $125kRepairs: $20kARV: $200kPoints: 3Interest: 13%Fees: $1,030Total Cash to Close: $5,380Monthly Interest only Pmts: $1,585Total Financing Costs (3 months): $5,380+$1,585+$1,585+$1,585=$10,135Cashout Refi at 75% of ARV = $150k$145k (Borrowed Amt) + $10,135 (Points + 3 months Interest) +$2,100 (Est Title Closing Costs) + $2,900 (Est Utilities + Prop Tax) = $160,135 Total Investment - $150k Cashout Refi = $10,135 Total Cash Invested in PropertyIf you are use the Buy Rehab Rent Refi Repeat method that is promoted on this site you can buy rental properties for just $10,135 for a property worth $200k (or roughly 5% down with no PMI).

How did you acquire your first property and do you still use that same method today?

Hi All, Just wanted to post my experience with BRRRR method.

My referenced method in my previous post would allow for this also.

But that's just me.So far, I've used three methods

No penalty or tax paid, property purchased, and once the 401k loan is paid back, i can use the exact same method again to purchase a 2nd.My only concern is how the banks/lenders see my 401k loan from myself.

Also, is there a certain method for where to post what once a property is under contract and you are looking for advice or feedback about a rehab? 

I recently interview another syndicator on my podcast and his favorite real estate quote was "do not wait to buy real estate buy real estate and wait".  

( I do plan to do the BRRRR  method but I also want to try and convert a Single family home to a multi family home or convert the  garage to an ADU if the layout makes sense.

The easiest method is obviously using an agent as they have access to this information quickly.