All Forum Posts by: Brett Tvenge

Hey Guys, I'm A General Contractor and flipper here in Cleveland Ohio. I have gotten so much from this community, and I wanted to give back a little bit. Some of you might know this but some might not, But the ROI on painting cabinets is so much higher with painting, Especially when using a spray guy, done by a professional, and it still will cost you a faction of the cost of replacing cabinets . Now I know sometimes they can't be saved and sometimes layouts needs to be moved around, but if you're fixing up a rental property, Painting is the way to go. Please feel free to reach out to me and I can give you tips, advise and any other information regarding construction question! Have a great day Bigger Pockets.

I have a deal that I'm looking for an investor to pick up. Where can I post these on BP?

Hi BP Phoenix! #Rookie here. My wife and I live in the North Phoenix area and are looking to buy our first rental property. We are about to close on a fixed-rate Home Equity loan on our primary house, which we plan to put as the down payment on a property. 

I’ve been analyzing properties in the North Scottsdale, North Phoenix, Old Town Scottsdale, and PV areas that could be good STRs. I know these areas well and so I’ve been comfortable with analyzing these areas. However, while the numbers are working well according to AirDNA, I am wondering if I should be looking at Mesa/Chandler/Gilbert areas for STR instead? Especially since our down payment will need to be $130k - $140k at 20%, and those types of properties are rather rare in the areas I’ve been looking. Are the Mesa/Chandler/Gilbert good areas for Airbnb in the Phoenix area? Any recommendations on neighborhoods?

One other option we’ve thought of is looking at Mund’s Park/Flagstaff area for a 2nd home/vacation property (only 10% down), but I worry that those markets feel more unstable in comparison to Phoenix with the uncertain future market.

Would love to hear some thoughts. Thanks so much for the help!

Hello all,

I am curious as to what is everyone's experience using the BRRRR method right now that the interest rates are higher? I just completed a BRRRR and left about $8,000 into the deal. I used a DSCR loan on my refi and my rate was 7%.

I've been analyzing SFR, in San Antonio, and it seems like its harder to cash flow with those type of properties because of the interest rates causing the mortgage payment to be higher. What are you guys doing to combat this? Buying lower priced properties or focusing more on multi family units?

This is the second investment property I own, but seems like I've hit a wall due to the higher interest rates. 

Any advice would be greatly appreciated!

Hello everyone my name is Estevan. I own a home outright and its zoned R3 which means i can build an apartment on the property. I have about 200k cash, 725 credit score and almost zero debt. I can barrow additional funds up to 50k from family and i can obviously obtain financing. I just started a business but still work part time as a waiter in fine dining. I make about 60k working part time. I may devote all my time into the business soon and may be only self employed. I have a couple questions. First if you were me or in my position how would you ideally proceed? My second question is if i am unemployed what are my options or what do you suggest. 

Hi Everyone! I recently obtained my real estate license in AZ. I am currently looking at brokerages to join. My two main goals for my first year in the business is to learn as much as I can and to meet as many people as possible!

Anyone have suggestions on what to look for in a broker