Jake Thornton
Struggling with BRRRR refinance...
So, last year I bought my first BRRRR property in Memphis, TN. I've learned a TON of lessons, and the lessons keep on coming! Here's the info on the deal. I bought a 2/1 for $29000 from a wholesaler. Having done resea...
Curtis Farnham
IRR and investing for cash flow vs appreciation
Newbie here, trying to formulate a strategy. I've been reading up a lot on REI (16 books in 3 months! And counting.) My ultimate goal is long-term net worth. I'm not afraid of fixers, and I love the idea of BRRRR and ...
Michael Thorne
Loan for multiple SFD rentals in rural community
Hi BP community -I am looking at an opportunity to purchase 6 small houses in a small community in northwest area of central Texas. They are relatively inexpensive from 40k - 80k. Would a portfolio loan be used to b...
Eric Sebast
$75,000 to invest, whats best?
Just closed on our first duplex a month ago, have about $75k that we can use to buy our next property(ies). Not willing to doing a house hack, whats the best option for cashflow?
William Johnny
How Many times can you refinance?
So I know with the BRRRR strategy you start off with either your own capital or borrowed capital until you can refinance. My question is how many times can you refinance. Is there a cap to how many loans you can have?...
James M.
How to leverage a $1,000,000 home in South Pasadena
My in-laws are currently living in a paid-off home in South Pasadena worth around $1,000,000. They have expressed the desire to move to a bigger and cheaper house a little further out, and were curious about what they...
Account Closed
Second deal options
Hello,
I got my first FHA loan in 2014 and began renting it out in February of this year. Right now my mortgage is 1650 and I am charging 1800 in rent (raising it 100$ in 2019). I am in a position to pursue the next ...
Karen L.
Investor new to area
Hello I was wondering if there are still good deals to purchase single family homes in the Dallas / Fort Worth area. I'm wondering if there are any good cash flow properties around that are still available and in good...
Cedric Volkmer
Refinancing primary residence to purchase more rental properties
Currently my family and I live in a starter house. We already have a lot and plan on building a house when lumber prices hopefully fall a bit more, so we can wait for a year or two.
Our current primary residence is ...
Dustin Cooper
Sell paid for SF rental for down payment on MF rental?
I am looking for advice as I am interested in buying my first multifamily rental unit (at least 4 plex)
I have a paid-for single family unit that cash flows about $650/month that I purchased for $25k but is now worth...