Jordan Albright
Cash out Refi - Rental property, questions
5 October 2021 | 7 replies
Do I wait until it is rented to get it appraised and refinance it like the BRRRR method?
Samuel Moten
What to do next in real estate
4 October 2021 | 1 reply
The first step I would recommend is to get on the same page And set the goal. from there the path probably isn't incredibly different depending on equity on the house you bought you might try and refinance and pull money out for a down payment on the next property whatever property that is.alternate methods of buying another property would be things like seller financing hard money private money or if you have the means obviously cash.But seriously the best thing I can tell you is to make sure you guys are on the same page and pushing towards the same goal If you're not it's going to be miserable
Wesam Mahmoud
Anyone is using the brrrr
4 October 2021 | 0 replies
Anyone using the brrrr method in New Jersey?
Ryan Mitchell
Best next steps for 200k in capital
6 October 2021 | 3 replies
The house was purchased for 203k, our remaining mortgage is 191k, and the current market estimate (although not an official appraisal) is 276k.Our goal is to accumulate properties through the BRRRR method, and as I see it, we have two avenues through which to do this:I can simply use the money in my account to BRRRR.I can pay off my rental property in Beaumont, TX, and utilize a HELOC to BRRRR.I know that most people will say that they never want to pay off a house due to the tenant paying it off for you, and the difference in percentage returns that you get based off of appreciation, tenant payoff, etc.
Elijah Crew
Loan to build capital?
5 October 2021 | 2 replies
First I was going to build the capital using other methods of real estate investing but I was wondering if just getting an SBA or some other loan for my LLC in order to gain some debt capital and use to purchase rental properties with the BRRRR method.
Mike Hoffman
First deal in the books: From 0 to 48 doors
6 February 2022 | 19 replies
My plan was to follow @Brandon Turner's "Stack" method and acquire a property each year to build my portfolio.
Ariel Haas
Financing for property that won’t appraise?
21 November 2021 | 7 replies
Depending on your method, I'd steer clear of this direction.
Joey Yip
Tenant not communicating
15 October 2021 | 7 replies
I ask them for the best method of communicating (email, text, phone call, letter) and put that in the notes.
Jamie K.
Sell my new rental for a 30k profit or keep renting??
18 January 2022 | 76 replies
Repairs are simply a natural part of owning ANY real estate, and if you are cash flow positive, the costs simply come out of your reserves from the cash flow.
Joe S.
Renter of 16 years just moved out.
8 October 2021 | 29 replies
It's usually a combination of the two.I'd be curious to hear how far below market they were and how much money you lost.For those looking to run like a business and build wealth, turnover is a natural, healthy indication you're doing things right.