I’m looking to buy my first rental soon, but I have semI limited cash to buy It out rIght and Ill need to renovate etc. for some reason I can’t get above a 700 credit score, so I don’t think I want to try conventional fInancIng..

If you buy a house in cash or do the BRRRR strategy, does the cash out refinance count against the 10 conventional loan limit?

@Daniel Dietz,Please keep in mind that your contributions to Roth 401k are based on your self-employment earnings and will be limited to $24,500 ($18,500 elective deferrals + $6,000 catch up).

We are having a hard time determining how to structure the partnership.We have the deal, and some limited experience in a different market (2 years and 4 units over 3 properties in Augusta, GA).

The area we live has a lot of brewery’s and restaraunts moving in and there’s no other condos/apartments in the city limits.

I recommend starting with a small list (limit geography) and do some testing.

So I guess that covers the basics with some extra details and poor grammar thrown in for good measure.

Hey Dave, my advice- don't limit yourself to a specific neighborhood.

.- Their capital gains is limited since they've taken a large chunk of cash out on a refi and the increased value of the rehabbed units covers enough that I can cash flow on the new "full price" after I refinance them.  

one guy got 5 years in state prison for that little scheme. its a very dangerous model for those with limit money.. just like the other guy said in FLA you can end up in jail.. well you certainly can in Oregon if your scheme was to be a bad boy or girl .