All Forum Posts by: Chase Guelette

Hey BiggerPockets, is it possible to do a BRRRR deal with seller financing? Does anyone have experience with this, or could someone provide an example? All replies are appreciated!

@Dave DeMarinis what if I don't have enough money to pay the interest on the HML loan? For example, if I needed 100k hard money to buy a house, and owed 10% per month, after 6 months that would be(The time needed for a refinance) that would be 60k? Or do HML not usually go on a per month basis?

Hey BiggerPockets, when hiring a property management company, can I hire the company to manage even just one property? Also, how do I screen/pre-check a company to see if they are a good company? All replies are appreciated!

@Paul Shannon If I were to use a private money lender, should I be putting 20% down as with a conventional loan, or do I have to buy the property flat out? For example, if I had a 100,000$ house, would I have to pay the seller 100,000 upfront?

Hey Biggerpockets, when using the BRRRR strategy, do I absolutely have to buy the property with cash? Is it possible to buy a house with a conventional loan and 20% down, rehab the property, then get a refinance? If so, how do I do that? Also, is it possible to refinance sooner than 6 months? All replies are appreciated!

@Casey Roman You might look into investing out of state! I know that BiggerPockets has a book "Long-Distance Real Estate Investing", which might help you with your problem! Good luck!

Hey BP, I recently found a Duplex that seems like it would be a good investment if I can rent out both units. When looking at the property, I noticed that in the description(Found this house on Zillow) it said that the top unit could only be rented if the house was owner-occupied. I am investing in Lansing, MI. Are there any laws that would prevent me from renting out both units despite not living in the house? Thanks!

Hey David! Thanks for the info, I would love if I could get in contact with some contractors, or just have their info if I do end up investing in Lansing. As far as finding tenants go, what is the market like? Like most people I am currently stuck in quarantine, so is there anywhere I could find info on the neighborhoods online?

I am a newer real estate investor and have been looking at Lansing and East Lansing for my first buy and hold rental. I'm looking for SFR or Duplexes to rehab and rent. Does anyone know any good Contractors in the city? Also, is landing landlord-friendly?