All Forum Posts by: Caleb Brown

Why not use it as a downpayment for multi? You can also partner with someone and find a BRRR under 100K. 50K BRRR might be a pretty rough area in most markets.

Why would you want to convert? It typically is expensive and not worth it. Would you have to cover utilities? 

1- Biggest thing to sellers is how much they'll net after proceeds or offer price, short close, As Is, higher EMD, etc.

2- Depends on where the deal is.  Having a local team would help with that.

3- Have an agent run comps, talk with a PM and run numbers. 

KC, Indy, or Cleveland are the strongest for Midwest BRRR's

If it was me down payment on a MFH

@Weng L.

Yes you can do it remotely. The biggest thing is you need to find and interview people to help you. Many sharks out there so vetting and asking questions is crucial. Once you have the team set up it’s smooth

Have you looked OOS? Midwest markets you can find SFH to purchase 50K-80K and do the BRRR while being all in 70%-80% of ARV. Rent on these types of properties are 950+ on the low end.

I would BRRR, buy a few SFH or purchase a MFH.

Well l first off you are starting early which is great. I became a licensed agent at 18 and I have been doing it for 2 years so far. Closings wise last year I had 23 this year on pace for 50-60 range. I focused on the craft and investing. Investors don't care about how young you are. It comes down to how knowledgeable you are in REI and the local market. If you master the areas people like and neighborhoods you'll be successful. Another part is you have to grind on the phones, networking, building your business, and starting wholesaling. If you put in the time everyday you'll be successful. The beauty of wholesaling is if the deal is great you'll have buyers. Keep going and don't give up.

That's a very open ended question with no info. Depends on rent, area, crime, schools, condition, etc. If it was 150K with each side producing 1,000 yes but if each side produces 500 then no. Do you have a team where you are at that you bounce deals off of?