All Forum Posts by: Brian Batista

Quote from @Walter Jones:

Investor and solo agent in Memphis here. Lots of competition around here for good BRRRRs and flips. Much easier to find a solid SFH rental that hits the 1% rule, but with some good searches and diligence they'll pop up on occasion.

 Hi Walter,

Thanks for the feedback! A 1% SFH is nice, but I really want something I can BRRRR so I can keep my relatively limited amount of money moving and working for me instead of having to save up again after each property. I'd love to chat on the phone about your experiences sometime if you have a moment.

Thanks!

Quote from @Rick Pozos:

If anyone says that they can find you a deal with minimal repairs in SA for about 100k, they are not telling the truth. Well...let me rephrase that, 100k, minimal repairs in a decent neighborhood is non existent.

I have a house right now under contract for 105k, but it is going to take 50k in repairs. Thats plenty of repairs. ARV about 210k to 215k. Most decent neighborhoods are going to be 200k ARV or a little more for about 1200sf+.

Hi Rick,

Thanks for your feedback! I’m not afraid of doing bigger rehab jobs as long as the numbers work, I just need to be at a certain purchase price because of how much cash I have, but most hard money lenders I’ve spoken to are willing to finance 100% of rehab, with 20% down on the acquisition cost.

As far as decent neighborhoods go, I wouldn’t mind being in an up and coming location. I would consider something like the deal you mentioned above successful since about 70% of your ARV is about what you put into it!

Quote from @Eliott Elias:

What kind of input? 

As in are you finding that there are a lot of deals to be found in the area with enough meat on the bones to pull off a successful BRRRR? What combination of bedroom/bathroom are you seeing a lot of demand for? What are some good up and coming neighborhoods to look at? Anything helps really…

Hi Everyone,

New investor here, thinking about starting my real estate journey in San Antonio. I currently live in the Bay Area and want to connect with an agent from the area to try and find a deal!

If anybody has any input they want to share about the market with respect to BRRRRs, I would love to hear it! 

Hi Everyone,

I'm a new investor from the Bay Area and I'm looking to start buying out of state rental properties and building a portfolio. I have never done a BRRRR, a flip, or owned any real estate before, but as an Architect I've been around this industry for a while and I want to begin investing. I would like to be able to invest in my own market, but the Bay Area is too expensive for me at the moment. What I'm looking to do is BRRRR in less expensive markets like Memphis, Kansas City, San Antonio, Cleveland, Houston, or Detroit.

The deal I would want to find is something around $100,000 that I can use a hard money loan to purchase and rehab, rent using a property manager, and refinance remotely from California. I know this will take a significant amount of effort and coordination, but hoping to connect with people on these forums and see what we can do. I'm interested in speaking with any lenders, agents, contractors, property managers, or anybody who simply knows the market well enough to give some good advice. 

My next step is picking a market and going for it, so if anybody has any feedback on whether I should or shouldn't go for one of the markets I've listed above, I'd appreciate it. If you have a better suggestion for a market that would be great, too!

Thanks in advance,

-Brian