Doug McRae
Beginning my journey in BRRR. Looking for advise!
I have an investor who has about 150k in cash. We are actually putting an offer in on our first investment today. It's a foreclosure with a ARV of 160, and we offered full asking at 120k. Needs about 10k of work and w...
John H.
Plan to buy first multi family , don’t have hard cash
I plan to buy my first multi family property very soon. The problem is I don’t have hard cash. I How can I get enough cash to buy it? How can I get the lowest interest rate? I have some equity in my current house (es...
Frank Thomas
First BRRRR in Charleston
Hi Everyone,I am planning on taking the step on doing my first BRRRR in the Charleston area. I plan on using a HELOC for the down payment and rehab. I have a team in the area to do the rehab and a trusted realtor. I’m...
Samantha Klein
5 Years to 100K a year income
Hey BP family,I wanted to share my current plan to acquire enough real estate in the next 5 years to have a 100K salary after taxes, I am currently 21 years old and I love real estate and the power it has to make you ...
Jungae Park
Thoughts on cash purchase?
I prefer 20% down with 30 year mortgage Because it allows me to conserve my cash for future purchase (leverages) and gives me tax benefits since mortgage interest will be deductible. Also I get discounts if I can lock...
Timothy Johnson
Make your money going in?
I am curious as to wether you guys agree with the idea that an RE investor should only take on investments in which he/she will make their money going in. IE buying RE considerably under market value. Of course this i...
Tom Nguyen
Traditional convention loan or HELOC
Hello BPWould you pay off for a house if you can then open Home Equity Line of credit on it to avoid paying interest when you not using but still have ability to access credit similar to cash ?or Would you do traditio...
Derek Morrison
Cash purchase then mortgage
Good morning! My wife and I have made several offers on multifamily houses recently but keep being beaten out by (lower) cash offers. Is there a way to offer and buy a property for cash (either private or hard money) ...
David Nadelstumph
Refi after cash deal
Just signed on first deal. Paid cash for discount and quick close. My question is should I buy Title insurance upfront knowing it s required by lender. I plan to pull my $ back out immediately after cash closing. Dont...
Account Closed
Negative CoC ROI and Negative Cash Flow
Planning on living in a duplex where we would have a negative CoC ROI and a negative cash flow for the first year. Only planning on living there for one year because of the FHA rules. From there, I estimate we would b...