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All Forum Posts by: Andrew Pettit

Andrew Pettit has started 42 posts and replied 89 times.

Post: Advice about using leverage to buy and hold real estate

Andrew Pettit
Posted
  • Rental Property Investor
  • Rhode Island
  • Posts 100
  • Votes 19

I am looking to do my first BRRRR, but I am also looking at buying it as is as well.

Post: Advice about using leverage to buy and hold real estate

Andrew Pettit
Posted
  • Rental Property Investor
  • Rhode Island
  • Posts 100
  • Votes 19

Good evening everyone,

I am in the process of applying for a HELOC for about 100,00 and I am looking to use it to buy another piece of real estate. I was wondering if I could get peoples advice on the "dos and don'ts." My last place I used my own cash as the down payment, which I know now is a mistake, just looking for advice. Please be brutally honest, thanks.

Post: Merry Christmas everyone, I am looking for fellow R.I. REI.

Andrew Pettit
Posted
  • Rental Property Investor
  • Rhode Island
  • Posts 100
  • Votes 19

I am looking to network with local real estate investors. I currently own two properties on Aquidneck Island. I am a active duty Marine, but my brother is a contractor and mother is the property manager; so it has turned into a family business. 

Post: Well I did it, I purchased my first rental property today!

Andrew Pettit
Posted
  • Rental Property Investor
  • Rhode Island
  • Posts 100
  • Votes 19

Good job Rick, keep on trucking sir. 

Post: Dealing with Closing and negotiations

Andrew Pettit
Posted
  • Rental Property Investor
  • Rhode Island
  • Posts 100
  • Votes 19

Hey thanks,

         Brandon, David and Laith for your clarification. 

Post: Dealing with Closing and negotiations

Andrew Pettit
Posted
  • Rental Property Investor
  • Rhode Island
  • Posts 100
  • Votes 19

Good evening everyone,

         I just want to clarify, when you are negotiating the price on the property, the earnest money can be refunded if I don't decided to go through with the deal? When can't it be refunded after that first week? 

Post: New to BiggerPockets looking to do my first BRRRR deal

Andrew Pettit
Posted
  • Rental Property Investor
  • Rhode Island
  • Posts 100
  • Votes 19

Well I just closed on another rental property in Newport. My brother is a contractor and will be focusing on short sales and foreclosures that I can get cheap, and with my brothers help rehab. Preferably multi families. 

Post: New to BiggerPockets looking to do my first BRRRR deal

Andrew Pettit
Posted
  • Rental Property Investor
  • Rhode Island
  • Posts 100
  • Votes 19
I am consolidating all my efforts in my hometown of Newport R.I. I own both my property's there and would like to do my first deal there.

Post: New to BiggerPockets looking to do my first BRRRR deal

Andrew Pettit
Posted
  • Rental Property Investor
  • Rhode Island
  • Posts 100
  • Votes 19
Hello everyone, My name is Andrew Pettit and I am new to BiggerPockets. I am a active duty Marine and currently own two rental properties back in Newport R.I. I am looking to do my first BRRRR deal and was wondering if anyone had any helpful advice and books I should read, thanks.