I'm about to have ~100k in HELOC funds. My plan for awhile has been to buy cash flowing 2-4 units one at a time with my HELOC, turn around and do delayed financing, finance 100% of the purchase price, and do it again...
Hello,I'm a newbie here, but I am ready to take my first official step in purchasing a rental property in Detroit. I am somewhat familiar to the city as I lived there briefly until a few years ago. Advice on areas to ...
Hi everyone!We want to get into MF (2-3units to start) doing BRRR... and rent out for Mid term rentals.We see a house that meets our buy box, and our investment goals are;- $300 gross profit cash flow per month- 30% e...
How long do I have to wait to begin the refinance portion of the BRRRR method?
EXAMPLE:
Duplex is $390,000 purchase price ARV is $475K. Can I turn around immediately after cash purchase and have it appraised the n...
Hi, team. My name is Luke Diamond, and I'm a new real estate investor in Minneapolis, MN. I am attempting to gain pre-approval for a loan on my first multi-family property (first property at all, for that matter).The ...
Hello everyone! I need some advice. I’m currently in escrow for a triplex and it everything goes well it will be my first investment. I’d like to self manage to try and keep more of the profits. Because it will be my...
Hello BP,My business partners and I (the Managing Members) have raised capital through a syndication to invest in multifamily properties. We are having issues finding a lender offering commercial loans that meet our n...
I have the tittle and deed of my first property in my name through a contract to buy but the guy I "bought" the property from (who it is important to be known I trust him and he trusts me a great deal.) still carr...
Hi Everyone,I have a multi-family property , renting one unit and living in the other unit. I have a HELOC (50k) and want to leverage, but I'm not sure if I should use part of it as a down payment for another investme...
hey there community- I found an owner offer for a 15K fixer upper on a double lot in a small town. There is some flexibility here but want to do it the best way possible given it's my first deal! Any ideas on best ...