All Forum Posts by: Blanca Munoz

Hello, so I bought my first house and before I bought it, I didn't know about the BRRRR Method. I purchased the house for $145,000 and they were asking for $180,000. It appraised for $150,000. Renovations would cost around $30,000 but the only things I've done are Plumbing, foundation work, gas line, and new windows. All of this has cost me about $10,000. I paid in cash for all of this. My question is, since I already closed on the house, can I still do the BRRRR method? If so, how do I go about it. Should I do a HELOC to renovate the rest? I'm thinking of doing the BRRRR method but house hacking it since it's my first home. Is this possible? I just started watching a lot of videos on the BRRRR method and don't know what to do after doing those repairs. Can someone give me advice? I have all the numbers from the loan if someone needs them to help me run it and for it to make sense for me. I guess I'll see if I made a good deal or not in order for this to work.

@Mark Fries that wasn't helpful at all.

Hello, so I bought my first house and before I bought it, I didn't know about the BRRRR Method. I purchased the house for $145,000 and they were asking for $180,000. It appraised for $150,000. Renovations would cost around $30,000 but the only things I've done are Plumbing, foundation work, gas line, and new windows. All of this has cost me about $10,000. I paid in cash for all of this. My question is, since I already closed on the house, can I still do the BRRRR method? If so, how do I go about it. Should I do a HELOC to renovate the rest? I'm thinking of doing the BRRRR method but house hacking it since it's my first home. Is this possible? I just started watching a lot of videos on the BRRRR method and don't know what to do after doing those repairs. Can someone walk me through this? I would like to video chat or phone call.

If there are any real estate investors on here that live in Fort Worth, Texas, would y'all like to meet up? I'm new and want to meet educated and seasoned investors. 

If there are any real estate investors on here that live in Fort Worth, Texas, would y'all like to meet up? I'm new and want to meet educated and seasoned investors. 

Okay, so everyone states there's a formula to follow in real estate investing. I've listened to Robert and Ken, but I don't see the actual formula they follow. Who can I follow or read a book that actually states what steps to take.

I need it in black and white. Lol

Hello,

I'm under contract for a house and just got the title today. Unfortunately it came back with a lien of almost 20k. I don't know if I should walk away, ask the seller to pay or what. Any advice???? This will be my first house.

But how long does that take? To get a court date, a hearing, etc and how expensive? This will be the first house I buy.

But what if I buy the house and the tenant doesn't want to leave, even though on my contract it would state they would have to leave as no month to month lease would be offered. Then a eviction notice will have to happen?