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.

I'm on page 202 of E-Myth and I think the most Gerber's critical idea so far has been treating your business like a franchise prototype and establishing systems.

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

So we identify all those small items.But your inspector should advise you on the items they consider to be the most critical. 

.- 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.