I am from California and am interested in doing some out-of-state real estate investment. I’ve been looking around at properties in Memphis. I would like to do something like a BRRRR strategy. In order to do that I know I’m going to need a good team. I would really appreciate some tips on how to ...
I'm doing a DSCR Refinance and have started the process with them. Is anyone familiar with them? Thank you.
One thing I don't see talked about much with BRRRRs is what happens when you want to start the next project before you've gotten most of your money back from the last one. Say you have one property being rehabbed and another waiting on the refinance. Now you've got a pretty good amount of capital...
Investors with experience in the BRRRR method and fix and flips, what are the best spots in Middle Tennessee to invest in right now? I know Murfreesboro is very desirable right now but outside of that, where are you looking to buy?
You're in the middle of your BRRRR strategy, you've bought a property and got funding from hard money. You've rehabbed, rented the property out and you're cash flowing. Now it's time to refinance. Your hard money lender does DSCR cash out refinancing, but you also know a mortgage lender that you ...
Hello!, How to analyze a property quickly SampleUseCase: House sells for $300,000 fixed up. Repair budget is around $60,000.$300,000 x 0.75 = $225,000 0.75 factor to account for profit, closing costs on both ends, agent fees when I sell, and the months I hold the property while it is being worked...
Hey everyone, genuine question here from a new real estate investor. I know every market is different when it comes to renovating a property a certain way to force appreciation and wanted to know what I should be focusing on to do just that here in Kansas City. I have been very curious how invest...
Hello, I am in the early stages and need to build my team before I buy. I'm also trying to learn how to analyze the deals myself rather than just relying on someone else to tell me whether a property is a good deal. I am working on understanding ARV, comps, rehab costs, rental comps, DSCR, refina...
Mortgage rates have moved back above 7%, oil prices have surged, and long-term interest rates are near levels we haven’t seen in almost 20 years. For real estate investors, this matters because the cost of capital can completely change whether a deal works. Mortgage News Daily’s national benchmar...
I've just recently learned that there are wholesalers who you can get properties from. What I didn't realize, is how hard they are to find.
Hello I'm an out of state investor that would like to get into BRRRRs. The problem is I'm out of state! I was wondering if there is such a thing as a project manager or something similar that oversees everything, to include the sale, GC, walkthroughs, and lastly the handoff to the property manage...
Hello, my name is Jeanette. I am a current investor I’m looking to become a hard money lender. Is $100,000 a sufficient amount? What details can anybody give me such as what to look out for, what should be in the contract, and if anybody has any leads thank you for your time. I look forward to yo...
The Portfolio Ceiling Most real estate investors hit a wall around property #4 or #5. It’s rarely a lack of deals or capital, it’s hitting the conventional banking wall. When you try to scale a growing portfolio using standard W-2 guidelines, DTI limits, and personal tax returns, traditional lend...
As an investment property appreciates, there's a difference between simply having equity and actually deciding what role that equity should play. Do you prefer to leave accumulated equity untouched, or do you periodically evaluate whether it could support another part of your investment strategy?
DC/Kingman Park landlord question: I own a 4-unit building and currently have 3 vacant 2BR/1BA units around $2,400-2,500/month. Leasing has been slower than expected, and management is suggesting another rent cut. A recurring objection from prospects is no in-unit washer/dryer. I’m considering in...
After reading Rich Dad Poor Dad—the book that seems to lead every young investor into real estate—I decided to take a leap of faith when everyone else said I was crazy. I bought a house on Gregory Street in Rochester's South Wedge. The neighborhood was not like it is today. Blight and crime were ...
I’m under contract on a property in Aiken, SC (near the mall/ retail) and would appreciate some perspective from investors who have done BRRRRs or owned rentals in smaller Southern markets. Purchase: $87,500 Appraisal: $110,000 Seller credit: 2% Expected rehab: ~$25K–$30K Expected rent: ~$1,300/m...
Hi everyone, I'm in the Westchester County, NY area but work regionally. I recently got into private lending and building a development company for rehabs and other projects. I'll looking to build a strong network of likeminded people and organizations to work on real estate ventures across the U...
Memphis operator here - buying, rehabbing, and refinancing rentals since 2003, few hundred doors, my own crews. I've watched a lot of BRRRRs die over the years, and here's the uncomfortable pattern: almost none of them die at the purchase or the rehab. They die at the refi appraisal, which is the...
I'm flying into Birmingham in October to scout deals, so I pulled every single family home listed under $200K on Redfin (350 listings) and ran them all through my BRRRR underwriting model before booking a single property tour. Zero passed. 13 came close. Here's the breakdown. My assumptions (same...
I live in central Alabama and unfortunately there are just not a lot of deals or opportunities here so I'm looking to investment in Huntsville. I figure with Huntsville growing its tech industry it might be a good place to find not only cash flow positive homes but homes that appreciate as well. ...
Hello I am new on the Forum and I read a article by Garrett Brown on How Nathan Nicholson Cashed Out His 401(k) to Build 23 Rentals…this article for me was spiritual as I just purchased a new home and was going to sell the home I live in now. It was always a thought to keep it and rent it out but...
I been getting great rentals in my markets. Bought another rental last week. Bought it for 35k. Rehab 45k. Rent market $900.00. Taxes $750 annually and $650.00 annually insurance. The markets I invest are perfect for this type of deals.
I've seen that most new investors judge a rental on one number, the monthly cash flow. That number matters, but it is not the whole return, and the piece people leave out is the one their tenant is paying every month. as this is something I just recently learned myself. "Phantom equity" is the pr...
If you are buying or refinancing rental properties in Cape Coral, you’ve likely noticed that the numbers look fantastic on paper, until the final insurance invoice hits underwriting. 📉 In a market dominated by canal lots and low-elevation single-family homes, flood insurance isn't just a checklis...