All Forum Posts by: Casey Purvis

@Gerard Aliberti

By the way, try not to get caught in analysis paralysis as Brandon talks about in his podcast. You should consider buying homes in less expensive areas where the rental market is hot. That will provide higher ROI.

I would suggest connecting with a few reputable wholesalers to find deals that meet the criteria to BRRR properly. I can connect you with one I use if you would like, that I have purchased 2 homes with.

No problem, have a great day!

@Gerard Aliberti,

I absolutely would recommend the BRRR method. It's what got me started. The whole point to it is there are so many ways to buy your first or multiple properties without a big down and you won't run out of money. Anyone that wouldn't recommend the BRRR method is someone who doesn't truly understand it or has not mastered it. But again it is always difficult to scale in the single family space. Just my opinion.

@Gerard Aliberti

Hey Gerard, I was in the single family investor space for 5 years and I never purchased anything that would produce less than $300.00 per month per house but still found it difficult to scale due to repairs, upkeep, make ready"s every time we lost a tenant and had to prepare for a new one, so I started investigating the multifamily space and the syndication process.

This fascinated me so I dove in head first and got educated and paid for a mentorship, ( Which initially I was very apprehensive about) but it has made a huge difference.

Dig in and get educated, have non stop tenacity and take small steps forward every day and you will succeed.

@Kiet Ho

Hi Kiet, it's a good strategy just fact that you can make that kind of money and have a plan, but a better strategy might be that you maybe put 33 % down on 3 properties and get low interest loans and let your tenants pay down your mortgage as you build equity. That way you could buy 3 houses a year and scale much faster.

Or with that kind of money you could put a sizable down on a multi unit. Maybe a 4 to 6 unit apartment complex, then truly scale.

With interest rates as low as they are, utilize them as a tool to scale.

Thank you Michael!

U

O

You're very welcome, now go out there and kill it!!!

@Javier Rosales

Hi Javier, taking risks is the only way to success. No one ever did anything awesome without taking a risk.

The key is, did you do as much as possible in your due diligence to mitigate your risk? If you did then, you will be fine. Even if you were to lose a little in the beginning, real estate is very forgiving. It will continue to appreciate and your small loss over time will turn into great gain. Give it time, do the best you can and have faith. This is just one step that furthers the next step to your success. Learn all you can and use that to do even better on the next one. You got this!!

I am a brand new pro member and am working on a blog. I posted the first no problem, but now don't see anything that shows me how to post future blogs. When I set up my account it was something that popped up and now I don't see it.  Also, my company invests in apartment syndications, but the profile only allowed me to pick real estate services, and that is significantly different than what we do and I don't see how to change this, and nothing pops up in the help. Any assistance would be great. Thanks