All Forum Posts by: Cecilia Fields

@Marcus Auerbach that makes sense! I didn't think to consider median purchase price. I appreciate the insight 

I saw your classification in a different post that you commented on, I found it to be very concise and informative. when reading it. I thought that class B or class C would be my target population

Hello everyone, I'm looking for some insight into the BRRRR method in several markets. Specifically Detroit MI, Highland park MI, Saint Louis MO, and Springfield MI. I'm thinking a extremely low purchase price, (50-90k) then Reno from there. I have a niche for multifamilies if that helps.

Just love to hear your thoughts, questions, concerns, or network recommendations for hard money lenders, real estate agents, contractors, even mentors would be appreciated! 
Thank you 

Thank you all so much for your advice, now having the knowledge from this post and reading other posts from people. I'm interested in doing the BRRRR method with hard money loans to scale instead. But I've found that some people say this method is more difficult due to interest rates. I find the topic fascinating and also slightly challenging. What are your thoughts?

@Chris Seveney That makes sense, spreading yourself too thin solely due to just wanting a quantity of low down payments is difficult especially bc that means the mortgage payment would be higher. I'm 25 and will probably have sold one property to buy three multifamilies by the end of the year if I do the 20% down DCSR and a FHA primary method. But after that, I'll be out of wiggle room funds to be able to do anymore scaling. So my next question is, scaling responsibly. Call me greedy but I don't want to just stop at 3, I want MORE. More from my money, more from myself, more knowledge. I'm learning more and more about creative financing everyday, a lot of people say developing the skills to adequately negotiate terms for these kind of deals just take time. I guess I am just looking for what a picture of scaling responsibly looks like in terms of numbers. I will look deeper into the mentorship programs I liked and see if I can receive that guidance I'm searching for.

Hey everyone,

I'm new to the community and I'm so happy to be able to be here. I have invested in property in state as well as the Midwest. And I'm looking to scale, my original plan was DSCRs but you can only scale so much when you put 20% down. Which is the amount I've been getting lately.
I need some advice on a mentorship program those who have scaled larger might have used. I've heard of Pace Mobey (which seems pretty self driven with modules which isn't what I want) and the creative finance playbook by Joe and Jen Dellefave (which I'm interested in, but lacks a quantity of reviews and also is over 10k to join.) Has anyone used either of these and can vouch for them?

Or does anyone know a lender that can get me DSCR loans with 10% down?

I'm open to hearing any tips or advice anyone has. Thank you