All Forum Posts by: Bryan Hurley

I have a couple of really good deals on houses so far, however I need to get funding for them. I am looking for a way to get funding for purchase price and renovations

house 1 : purchase price 100k, 70k renovations, value after repairs 300k, selling the house after.

House 2: 35k purchase price, 40k renovations, value after repairs 125k, keeping as rental and using BRRRR from there.

I have great credit but dont have much money to put down. Ideally I'd like to do house 1 first, then take money from sale and go from there for house 2.

Does anyone have any ideas for getting funding for either house or both with little to no money down to start off?

Thanks!

Im a brand new investor and have been doing a ton of research on how to do the BRRRR method. I am about ready to pull the trigger then I had something magically find its way to me.
My father has a house he wants to sell. He is looking to get between 100k to 135k for the home. Comparable houses in the area sell for about 310k.
He is willing to take the hit because it needs a LOT of repairs. Him and I both figure its going to take about 60 - 70k in repairs to renovate the home and resell it.

My question is, What steps would I take to get someone to the property to assess what would need to be replaced and the cost of it?
Him and I are both 5 hours from the property so we would need someone to do it on their own.
I also wanted to see if there are any tips on how to lower closing costs or avoid them at all since its being sold to a family member.

For this particular property I would not be looking to BRRRR, I would be looking to do a flip and sell it.

Thanks for any / all help!

I have a home I bought 10 years ago. When I bought the home at the time it was for primary residence and nothing related to my investing intentions now. 

I would like to start investing in real estate using the BRRRR method.

The house I own is in NC, (I now live on NY 14 hours away). The loan was a 30yr fixed 4.25rate VA loan. Value is 125k, I owe 102k.

Mortgage is $767PITI, rent goes for 900 to 950 in the area for similar properties. 

I have rented it on and off for a few years, but mostly had family staying in the home paying me the mortgage payment. 

the house is already listed on the market to sell (it's been listed for a few months since before started seriously considering investing). And i dont want to continue paying 2 mortgages.

I am wondering if I should keep the course and sell it, or take the minimal cashflow of 100 to 150mo from rent and hold it.

My main goal is to buy properties locally in NY, but I would have this one in NC.

Any thoughts or ideas?

thanks!

Hi everyone, I'm brand new to this however have done a TON of reading / watching videos and am trying to get as much information as I can before I start to invest. 

I have learned a lot so far however 1 thing I need to get more information on is renovating. 

I know this is going to be a very broad question, but I am trying to see if there is anyone out there who uses the BRRRR method and have a go to renovation that they do on every property that they know will typically increase the value of the home.

Thanks for any advise.