We need to make a few repairs then it should be ready to rent out.

We have built two homes (we did put a lot of sweat equity into the homes) and sold one (obviously we did sell every two years) and we are getting ready to sell the next one.

I will be BRRRRing this deal and am looking for a bridge loan with a maximum term of 36 months.I have a Private Money Lender ready and willing to front the 25% DP ($80k).

So have the documents ready when reaching out to people.Best of luck! 

I’m getting myself ready to embark on a journey in real estate, and currently I am gathering as much information as I can (before I can even get to the “analysis paralysis” stage).

I’m just about ready to make the jump but I’m wondering what you guys/girls have done to prepare before you bought your first rental?

Ready to put in all the hard work, and learning from experienced investors in BP. 

@Dennis Solari You are going to have to run the numbers on any property you might be interested in.Then you need to look Vrbo and Airbnb and see what properties are renting for and how often.Put all this in a spreadsheet and add in utilities, furnishing, consumables, cleaning, PM (unless doing this yourself), yard maintenance, house maintenance, tax and insurance and see how the numbers shake out.

(Although it’s in good condition and rent ready as is).Take remaining capital and purchase another SFH to now live in, turning previous into rental.

I am so ready to be done.