@Stephanie YiI invest 50% of my capital in high yield mortgage notes I originate and notes I buy at a discount from banks.

You will get a multi-policy discount if you insure your rental property on State Farm with your personal policies.The only catch would be if your rental property is being bought under your business' name, if you have one.

@Xzaviar Deary Find a discounted property is your next move.

You can also use it to buy down the rate ("discount points").

Typically in order to get the BRRRR method to work you have to buy a deeply discounted deal - which usually means purchasing with some type of cash- and then once rehabbed, rented out and cash flowing you approach a bank to obtain a cash out refinance.

I don't know if his materials discount for his company would be comparable to what the big company gets.

Most of my buyers and refinances have discount points, its never an issue when I show them the payback time and the tax deductibility. 

As a Pro-Member, are there any CRM applications that we can use at a discount? 

It can be a relatively small amount of money, and sometimes it can flush even, but you have to get the property at a significant discount to ARV in order for that to happen.

Hi Timothy,We did not have financing issues after acquiring a property via quitclaim deed, however we were getting property significantly discounted to take the additional risk (we did not have previous existing relationship with owner).Some other challenges/potential landmines you should be looking for are:1) 6 month delay between acquiring a property and being able to cash out refi using appraised value versus purchase price (applies if you are getting a conforming loan)2) Not counting on minor renovations to add significant equity3) The appraiser will most likely only consider a sales valuation approach and not consider the income valuation method, so make sure you are projecting your value based on what you can sell it for after your reno.4) Don't wait for a renter.