All Forum Posts by: Aly Alvarez

Hi BP community! 

Relatively new member and new to RE investing! This may be a naive question to many, but I'm hoping someone can shed some light. I've located what I find to be a good deal that I would like to put an offer on. The problem is that the home is only $40,000 and estimated renovations were quoted around $25k. I have a down payment, but am running into issues with banks being able to give me a conventional loan for that low of an amount. 

I was advised to potentially seek a signature/personal loan and pay for the home outright, however, would I not run into the same problem when attempting to refinance into a conventional after rehab?

Any help is appreciated!

Regards,

Aly

Appreciate you taking the time to answer Gil! I really enjoyed Thach Nguyen's story as well - great reminder. I'll add these to the list, thanks so much!

Aly

Hi BP family! I am a relatively new BP member here to the website, but have been listening to the podcast on and off for some time. I recently told a coworker who I know is looking to build his portfolio about the BRRRR method. He was very interested, and rather than just hearing me talk to it, I want him to listen to other peoples' stories as well!

He isn't interested in house flipping really, so - being specific to BRRRR podcast episodes, which ones did you like and would recommend? I want to create a list for him so he can get an idea of what is involved.

Thank in advance!

-Aly A.