All Forum Posts by: Chi Ta

Hey everyone, thanks for tuning in, this is NOT CLICK BAIT.

So here's what's going on:

So as we all know location, location, location has been the golden rule of real estate since humans have ever existed. However, for the first time in human history do we have a MASSIVE amount of people looking for short term rental. Yes I am talking about AIRBNB.

If you could cash flow 100% of your PITI how would you scale? How would you finance the transactions? There are areas in ANY CITY large or small that can do this... So let's hear everyone's creative ideas.

@Robby Hogle thank you! What about hard money?

@Benjamin Garrett Correct, however during the refi portion onto a conventional loan, would the property need to be seasoned first? Since you just purchased the property will lenders just let you refi immediately like that?

@Robby Hogle what about the refi period, doesn't it take ownership seasoning before the banks will let your refi out of the loan you're currently in?

So, after discovering the BRRRR method it all made sense to me that it's just a flip but instead of selling for instant profit you'll refi the property and hold it for long term gains. Great sounds like a deal, however, there's just so many things wrong with this scenario.

How often do these magical deals even show up. Unless you're actively marketing distressed homeowners how can you ever find these deals as a newbie?

I mean you'll literally need to most likely buy at 50% ARV, spend 25% arv to rehab to make it happen. If it's 50 cent on the dollar I'm sure everyone would jump on those deals.

I just don't see it being real. Can someone shed some hope and bring this dream back to life.