Newbie Introduction to the BP family
Moe CollinsPro Member
New to Real Estate · Concord, NH · Member since 2025 · 9 posts · 6 votesNewbie Introduction to the BP family
Most Popular Reply
Melissa JusticeBusiness Member
Rental Property Investor · Phoenix, AZ · Member since 2024 · 518 posts · 1k+ votes@Moe Collins,
Love your intro—you’re clearly laying the groundwork the right way. Watching real estate from the sidelines for five years while running a business and building a network of housing-related pros puts you in a fantastic position to finally jump in with confidence.
Your interest in multifamily and BRRRR makes total sense, especially with your network of service providers. That's a huge edge if you decide to go the value-add route.
That said, since you're still gaining confidence and momentum, I’d also recommend keeping turnkey rentals on your radar as a potential first move.
Why Consider Turnkey Rentals First?
They’re fully renovated, already rented, and usually professionally managed
Great for learning how to analyze deals, manage property managers, and understand market dynamics with low risk
It allows you to start building cash flow and equity immediately—without the stress of a renovation on your first go
It doesn’t mean you’re abandoning BRRRR or multifamily. You’re just starting with a clean, manageable deal so that your first experience is smooth, builds confidence, and creates a stepping stone for more complex deals down the line.
You’re Already Ahead of the Game
With your local contacts, business mindset, and long-term vision, you’ve got everything it takes to build something meaningful for your family through real estate. The key now is taking that first, low-risk step that gets you in the game and compounds over time.
If you'd like, I can share some example turnkey markets or walk you through what to look for in a quality provider.
Glad you’re here, and excited to see where this journey takes you!
Best of luck,
Melissa Justice
Investment Strategist at Rent to Retirement
11 Replies
- 1ySarah HattonPro MemberLender · San Diego · Member since 2021 · 80 posts · 56 votes
Welcome Moe! You're in the right place. BP - specifically the forums - is a wealth of knowledge and community in the real estate space. Happy to be a point of contact for any questions on the financing side. Cheers!
- New to Real Estate · Concord, NH · Member since 2025 · 9 posts · 6 votes1y
Hi Sarah,
I appreciate the response. There is definitely a lot of knowledge throughout these forums. You mentioned you had experience on the financial side. Is it true that if a potential buyer of a multifamily property can show that the rents sustain the loan payment that someone like me (LLC business owner) could get financing? I think it's called a DSCR loan?
- 1ySarah HattonPro MemberLender · San Diego · Member since 2021 · 80 posts · 56 votesHey Moe,
Quote from @Moe Collins:
Hi Sarah,
I appreciate the response. There is definitely a lot of knowledge throughout these forums. You mentioned you had experience on the financial side. Is it true that if a potential buyer of a multifamily property can show that the rents sustain the loan payment that someone like me (LLC business owner) could get financing? I think it's called a DSCR loan?
You are correct! DSCR stands for debt service coverage ratio and is the ratio used to qualify properties for this loan program. You take the monthly rent of the property and divide by the expenses (taxes, insurance, HOA, and projected loan payment). To qualify for the loan program the DSCR ratio has to be above 1.0 which means it is cash flow positive. Interest rates will depend on a handful of factors like the DSCR ratio (the higher the better), leverage, credit score, asset type, pre-pay, etc. A loan officer can help you run the DSCR and provide prelim terms for prospective properties. Happy to take this chat into the DMs and share more! - New to Real Estate · Concord, NH · Member since 2025 · 9 posts · 6 votes1y
Quote from @Sarah Hatton:
Hey Moe,Quote from @Moe Collins:
Hi Sarah,
I appreciate the response. There is definitely a lot of knowledge throughout these forums. You mentioned you had experience on the financial side. Is it true that if a potential buyer of a multifamily property can show that the rents sustain the loan payment that someone like me (LLC business owner) could get financing? I think it's called a DSCR loan?
You are correct! DSCR stands for debt service coverage ratio and is the ratio used to qualify properties for this loan program. You take the monthly rent of the property and divide by the expenses (taxes, insurance, HOA, and projected loan payment). To qualify for the loan program the DSCR ratio has to be above 1.0 which means it is cash flow positive. Interest rates will depend on a handful of factors like the DSCR ratio (the higher the better), leverage, credit score, asset type, pre-pay, etc. A loan officer can help you run the DSCR and provide prelim terms for prospective properties. Happy to take this chat into the DMs and share more!Wow, that definitely filled in some gaps. Rather than wasting your time (since I don't have a particular property to apply this to at the moment) do you have any suggestions for reading material that I can learn more? I'd be curious on if this is a loan that only specific lenders provide or is this something a locat bank would offer?
- 1yMelissa JusticeBusiness MemberRental Property Investor · Phoenix, AZ · Member since 2024 · 518 posts · 1k+ votes
@Moe Collins,
Love your intro—you’re clearly laying the groundwork the right way. Watching real estate from the sidelines for five years while running a business and building a network of housing-related pros puts you in a fantastic position to finally jump in with confidence.
Your interest in multifamily and BRRRR makes total sense, especially with your network of service providers. That's a huge edge if you decide to go the value-add route.
That said, since you're still gaining confidence and momentum, I’d also recommend keeping turnkey rentals on your radar as a potential first move.
Why Consider Turnkey Rentals First?
They’re fully renovated, already rented, and usually professionally managed
Great for learning how to analyze deals, manage property managers, and understand market dynamics with low risk
It allows you to start building cash flow and equity immediately—without the stress of a renovation on your first go
It doesn’t mean you’re abandoning BRRRR or multifamily. You’re just starting with a clean, manageable deal so that your first experience is smooth, builds confidence, and creates a stepping stone for more complex deals down the line.
You’re Already Ahead of the Game
With your local contacts, business mindset, and long-term vision, you’ve got everything it takes to build something meaningful for your family through real estate. The key now is taking that first, low-risk step that gets you in the game and compounds over time.
If you'd like, I can share some example turnkey markets or walk you through what to look for in a quality provider.
Glad you’re here, and excited to see where this journey takes you!Best of luck,
Melissa Justice
Investment Strategist at Rent to Retirement
- New to Real Estate · Concord, NH · Member since 2025 · 9 posts · 6 votes1y
Thank you Melissa. It has definitely been a learning experience that, with just like anything else, I feel will get easier as I gain more hands on experience. My biggest concern at this point is finding properties in my area/state. You mention turnkey rentals. I feel like those would be the first to get snatched up by more experienced investors. Am I correct in thinking that if a listing makes it to the MLS, that it has already been passed on by multiple people that brokers showed to first? Either way, I'm in this for the long haul so I'm going to reach out to a few local brokers to see what's out there. From there I can get my reps in crunching the numbers and figuring out what's good and what is not. I really appreciate the information and if you wouldn't mind, will reach out to if I have questions.
- 1yMelissa JusticeBusiness MemberRental Property Investor · Phoenix, AZ · Member since 2024 · 518 posts · 1k+ votes
Quote from @Moe Collins:
Thank you Melissa. It has definitely been a learning experience that, with just like anything else, I feel will get easier as I gain more hands on experience. My biggest concern at this point is finding properties in my area/state. You mention turnkey rentals. I feel like those would be the first to get snatched up by more experienced investors. Am I correct in thinking that if a listing makes it to the MLS, that it has already been passed on by multiple people that brokers showed to first? Either way, I'm in this for the long haul so I'm going to reach out to a few local brokers to see what's out there. From there I can get my reps in crunching the numbers and figuring out what's good and what is not. I really appreciate the information and if you wouldn't mind, will reach out to if I have questions.
You’re absolutely right—the more hands-on experience you gain, the smoother things will get. The initial learning curve can feel a bit steep, but with time, it all becomes second nature.
Regarding turnkey properties, yes, you’re correct that experienced investors often scoop them up quickly, especially in competitive markets. However, don't let that discourage you! There are opportunities for newbies too. It's about setting yourself up for success - first action step is always discovering what your purchasing power is & vetting markets. My team is always here to help with exactly that!
It's great to hear you’re planning to reach out to local brokers! That’s a solid strategy too. And you’re right—getting in those reps with crunching numbers is going to give you more clarity on what’s a good deal and what’s not. The more you practice evaluating properties, the sharper you’ll get at identifying great opportunities.
Feel free to reach out anytime with questions! I’m always happy to help however I can.
- Residential Real Estate Investor · Kansas City, MO · Member since 2014 · 10k+ posts · 5k+ votes1y
Welcome to BP and good luck investing Moe!
- 1yScott Brockelbank Jr.Pro MemberInvestor · NH · Member since 2018 · 36 posts · 21 votes
Hey Moe,
Congrats on the getting started! Having conviction to move forward is the most important step. I'm local to Manchester and have several investment properties throughout NH. Would love to grab coffee sometime and can see if I can help you in any way. I'm also an agent with an investor focused realty firm (Candor Realty). We have several meet ups throughout NE. I believe the next one in Manchester is 6/17. Would be great to see your face there and get a sense for what is happening in the market. I'll send you a DM for more info!
I would say there is a strong appetite for local lenders for DSCR loans. Most will want a 1.25-1.3 as you are just starting to build those relationships. Just need to find the right deal that will check the right boxes.
- 1yEthan Piani-HohmannBusiness MemberRealtor · Watertown, MA · Member since 2021 · 20 posts · 6 votes
Hi Moe,
Welcome to BP! Your approach of learning before diving in is smart. Your connections with service providers will be invaluable for both multifamily investing and the BRRRR strategy.
For multifamily, start with house hacking a 2-4 unit property to learn while building equity.
For BRRRR, leverage those contractor relationships to accurately estimate rehab costs - this is where many new investors struggle.
Since you're in New Hampshire, connect with local REI groups to find market-specific opportunities and potential partners.
Best of luck on your journey! You're already on the right track.
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