All Forum Posts by: Andrew Pettit

Hey Jacob,

Didn't think I would get 'Deviled' on BP, ha-ha. To give you more detail I own two properties one of them is a condo and the other is a multi-family. My market right now is 'hot' and have been looking for my third property using the BRRRR strategy and condos and single family's are a little cheaper. My brother Chris owns a construction company on Aquidneck Island, Pettit Construction and so, he will be the one doing the repairs. I just haven't heard anyone doing it with a condo just single family and multi-family. I have been in contact with my real estate agent and my brother has already been through several places thus far.

Hello Everyone,

I need everyone's un-bias feedback, I am thinking of possibly doing a BRRRR deal with a condo? My market is in Aquidneck Island Rhode Island. It is very hot right now so I am looking for alternatives SF and Condos. I already own 2 places, one of them is a condo. I was just wondering what you guys were thinking.

Hey David,

       "Don't start looking 5.5 months from now," you mean to start now? 

Thanks, Harjeet I appreciate it. 

Good Afternoon everyone,

            I am using cash from a 'hard money' lender to acquire the property, I was wondering should I call the bank ahead of time when it comes to getting financing? Thanks. 

Good evening everyone,

I am just asking for people's advice on Aquidneck Islands real estate market, within my particular area, who may be from Rhode Island. I am trying to do my first BRRRR deal but because property values are so high I am not able to get the asset for the right price. Should I just try and get a property that needs just a little work? Or keep looking for SF or MFH that need a lot of work? I know the seller is not going to like my offer.

Mr. Eastman,

So becasue they are withdrawing from the 401K they will not be penelized?Because my goal is to conduct my first BRRRR deal, thanks for your advice sir.

Good Afternoon Everyone,

              I am going to use my parents as a portfolio lender and I was wondering when I use thier 401K to execute the aquistion of a property what will the tax implications be when using the 401K and can I use a 1031? I am looking for more advice, thanks. 

Hey Sal,

I am trying to get my first BRRRR deal done in my home state of Rhode Island.

Thanks Anthony.