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All Forum Posts by: Brandon Becsi

Brandon Becsi has started 27 posts and replied 97 times.

Post: Under contract for 2nd investment property

Brandon BecsiPosted
  • Rental Property Investor
  • Richmond, VA
  • Posts 102
  • Votes 27
Quote from @Richard Schubert:
Quote from @River Sava:

Congrats Richard!

What methods of fianncing have you been usuing to grow your portfolio? Private capital, conventional, non-conventional, etc?

The first one is a conventional loan through Newrez . The second i purchased with cash. In the near future I may look at another conventional or a dscr. I have spoken to Beltway about a dscr as I have yet to find anything local that provides those.

I have a killer contact that does DSCR nationwide, let me know if you want her info. Shes a wealth of knowledge.

Post: Paying off Debt While Investing

Brandon BecsiPosted
  • Rental Property Investor
  • Richmond, VA
  • Posts 102
  • Votes 27
Quote from @Patty Tower:

I always go in with offers contingent on inspection. Definitely not easy, and in Seattle, it's been competitive -I've lost out on the last two offers. I've also visited a site and deterred from offering because I won't do tear downs. Experienced investors are going in at 80% ARV minus repairs instead of 70%, but I have hope.

I've been networking and have met experienced contractors and have been receiving mentoring and coaching through experienced investors. I'm surprised at how much pessimism there is in this group. If I'm willing to invest in the right mentors, analyze deals,  and be educated with investment, the risk is minimized.


Have you done any full cycles yet on flips? It's definitely challenging, but networking and seeking mentorship are key steps to success, and it sounds like you're on the right track. It's important to stay positive and focused, even in a competitive market like Seattle or naysayers.

If you'd like, I’d be happy to jump on a quick 10-minute call to discuss your current strategy and see if there are any additional insights or connections I can provide to help you succeed. I typically do B/C class rentals and flips so I may be in a different genre than you.  

Post: Hard money loans

Brandon BecsiPosted
  • Rental Property Investor
  • Richmond, VA
  • Posts 102
  • Votes 27

I would find people that are lending their own capital and not "brokers". Most people you will find are middle men for others. Go to local meetups, network ask questions and ask if they are lending their own capital or a broker? Work with only people you like/feel comfortable with. Good luck!

Post: What is it like to be an out-of-state investor?

Brandon BecsiPosted
  • Rental Property Investor
  • Richmond, VA
  • Posts 102
  • Votes 27
Quote from @Bob Stevens:
Quote from @Brandon Becsi:
Quote from @Account Closed:
Quote from @Brandon Becsi:

I'm in VA and also invest in NC. My suggestion is you can do a lot of networking + conversation's virtually. I think the key is getting 2-3 really good "boots on the ground" in the markets your going to be operating in. These are usually hungry real estate agents usually only a few years into their career and a good handyman or two. People that are part of your team that you can have go look at or inspect a property or even pay $50-$75 to check on a property during the process.

The key is to be a genuine + kind person that wants a win-win and identify others on your team that share that vision because 80% of the people you call/talk to will not be it. You have to weed through them to find the gems. Good luck!


 Network, network. The most important aspect. If I may ask, where/how did you find your best team members? 

Thank you for the advice! :)


 The best teammates I have found is looking at active and sold listing on zillow and seeing what agents look to be doing volume and working with investors. Calling them and having a 10-15 min conversation and see if you vibe with them. Good agents are a great source of knowledge , boots on the ground and can refer quality contractors.  


 Ok so this will cause controversy, you are saying the realtor is part " of your team" ? Come on, 99% of the time the realtor has no knowledge of the property, zero idea how much the reno is and is just there to sell the property. I am contacted almost daily for guidance. I then find out how the investor way overpaid, had no idea how much reno was really needed and so much more. Realtors are not part of your team. I have done let's just say one or two deals, and NEVER use a realtor. You and ONLY you need to know all the numbers. 


 They are not part of your team day one. Reaching out, having conversations and building relationships is how you add them to "your team". That's why I said that 80% of people are ones that your wouldn't want to work with it takes time to build that relationship but that's how you start. Totally disagree quality agents are invaluable parts of a real estate team. Leverage others time and knowledge. 

Post: Under contract for 2nd investment property

Brandon BecsiPosted
  • Rental Property Investor
  • Richmond, VA
  • Posts 102
  • Votes 27
Quote from @Richard Schubert:

I'm under contract for my 2nd SFH in Akron, Oh. Found a really good deal on a 2 bed 1 bath older home in pretty decent condition. Inherited a tenant who has been in place for 2 years . Just toured the house today and it was in better condition than I expected. Needs some new windows in the near future but overall the previous owner had set the home up pretty well with a nice big newer bathroom, solid countertops, hot water heater and recent siding. Probably replace the wooden porch down the road sometime but happy with my purchase. Going to hold the two I have long term and try to add 2 or 3 per year. Already saving up for a 3rd house.


 Great job! Do you use private capital to purchase homes?

Post: Paying off Debt While Investing

Brandon BecsiPosted
  • Rental Property Investor
  • Richmond, VA
  • Posts 102
  • Votes 27

I think its a great idea to pay off debt just make sure your expenses dont get out of control and stick to a budget. There is also a fair out of traction you can get by some deals that could be quick flips/wholetails that are on investorlift ...dont be afraid to offer 20-30% less than what people are selling properties for. 

Stick to a plan for 3-6 months learn, have a mentor or 2 and try to be around others that are 2-3 levels about where you are in your real estate journey to learn from their experience.

Post: Starting Out In Real Estate

Brandon BecsiPosted
  • Rental Property Investor
  • Richmond, VA
  • Posts 102
  • Votes 27

Flips are labor and time intensive but are good for cashflow if done right but can be difficult for new investors without a good mentor. Rentals are the best for building long term wealth building. Most rentals you may not make anything net-net once you factor all things in but after 3-5 years you are usually glad you bought them. If just starting out maybe do a small flip with a good mentor in your local market or buy your first rental to learn the game and start building that wealth. Have a great day!  

Post: What is it like to be an out-of-state investor?

Brandon BecsiPosted
  • Rental Property Investor
  • Richmond, VA
  • Posts 102
  • Votes 27
Quote from @Account Closed:
Quote from @Brandon Becsi:

I'm in VA and also invest in NC. My suggestion is you can do a lot of networking + conversation's virtually. I think the key is getting 2-3 really good "boots on the ground" in the markets your going to be operating in. These are usually hungry real estate agents usually only a few years into their career and a good handyman or two. People that are part of your team that you can have go look at or inspect a property or even pay $50-$75 to check on a property during the process.

The key is to be a genuine + kind person that wants a win-win and identify others on your team that share that vision because 80% of the people you call/talk to will not be it. You have to weed through them to find the gems. Good luck!


 Network, network. The most important aspect. If I may ask, where/how did you find your best team members? 

Thank you for the advice! :)


 The best teammates I have found is looking at active and sold listing on zillow and seeing what agents look to be doing volume and working with investors. Calling them and having a 10-15 min conversation and see if you vibe with them. Good agents are a great source of knowledge , boots on the ground and can refer quality contractors.  

Post: My First Flip - Learn from my Rookie Mistakes

Brandon BecsiPosted
  • Rental Property Investor
  • Richmond, VA
  • Posts 102
  • Votes 27

great story thx for sharing. The lessons and experience you gained will likely be much more valuable than the money. Cheers 

Post: Buying a home now??

Brandon BecsiPosted
  • Rental Property Investor
  • Richmond, VA
  • Posts 102
  • Votes 27

yes im curious what is your monthly rental income expected on this property?