All Forum Posts by: Account Closed

Building just a duplex seems a waste to go through such a process. Might as well build a 10-15 unit? Same amount of time and leg work. 

Depends- I an full-time real estate but have a property management company that takes up 75% of my work week. Having a wife that is a nurse is def a plus. I would talk with a local bank first to discuss it.

Hi Chris- I have changed my strategy from new construction to existing BRRRR strategy.

New Construction takes too much time and headache to build 1 at a time etc. 

Absolutely the 50% & 2% rule are great. Thanks for your input Ian Walsh. Adding this to the checklist! 

@Kyle McCorkel thanks for the info- this is huge. 

@Eric James yes- just buying cash to close the deal, and then refi once rented out. If the deal is good enough and doesn't require any work, why not right? 

@Nicholas Lohr Yes I will not be using them again. 

Great point Ian- we def don’t want that. Maybe might want to find a market that is suitable for your budget etc.

Hi Rashad- there seem to be a few requirements I would have to meet? Have you done this before using the delayed exception?

Thats a bummer. I am meeting with banks this week, will run scenarios by them and see how it works out.