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2 April 2020 | 2 replies
Of everything I’ve read about strategies, I am leaning toward BRRRR, and will be studying creative methods of financing deals.
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7 April 2020 | 3 replies
Specifically, I have been looking into the BRRRR method when it comes to modulars and other cheap rental properties.
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2 April 2020 | 1 reply
Wholesaling has been developed into a controversial method and has been negatively perceived by many.
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3 April 2020 | 6 replies
Is there a good reference book that shows the formulas and methods for analyzing real estate deals?
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3 April 2020 | 5 replies
As someone who is planning on getting started with fix and flips, why would you or why would you not go with contractors to do a majority of repairs? Obviously there’s usually some type of mixture most of the time. My...
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19 March 2021 | 9 replies
There is one IRS-approved method for building or improving that uses 1031 funds.Construction 1031 Rules and Process In a nutshell, it goes like this:You go under contract to purchase the replacement lot in OklahomaA 1031 company creates a brand new LLC to act as holding company (Exchange Accommodation Titleholder)You enter into an agreement with 1031 company outlining your plans in the construction exchange You assign the purchase contract for the lot to the new LLCYou arrange financing for the LLC to purchase the lot (this loan can be from you, a third-party lender, or your 1031 sale proceeds)Loans to LLC is secured by Note and Deed of TrustLLC buys the lotNow the LLC can begin paying for improvements to construct the barn-condoDuring the building period, LLC rents back to you and makes you "Project Manager" to oversee the improvements.Once improvements are completed -- or at the end of your 180 days -- 1031 company assigns ownership of the LLC to you.
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15 April 2020 | 21 replies
I don’t particularly like this method as you will have to track two separate loans.
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12 April 2020 | 14 replies
You cannot get conventional financing using this method.
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2 April 2020 | 8 replies
@Tim IvoryWhen I employ the BRRRR method I look at my calculated ARV after repair number.
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2 April 2020 | 9 replies
I have also heard of this method before, but I thought the savings seemed negligible.