All Forum Posts by: Chris Webb
Chris Webb has started 24 posts and replied 383 times.
Post: How to Scale without rehabbing (BRRRR)... starting with 400k
- Investor
- Central Virginia
- Posts 393
- Votes 253
And... another one. About 2 months ago, Elevate called limited partners explaining that the LPs needed to pay an extra $100k (see story below) and now this... ouch. I enjoy BP, but there might be an opportunity for a mom and pop real estate investing website which allows for small, full ownership owners to discuss different topics.
https://therealdeal.com/magazine/national-december-2023/synd...
Post: Looking for Advice on Roanoke Virginia
- Investor
- Central Virginia
- Posts 393
- Votes 253
Quote from @Elizabeth Pebody:
Quote from @Chris Webb:
Yes! Lynchburg is a great place! @Elizabeth Pebody or @William Lokar if either of you are in town come by our meet up on Friday mornings or every 2nd Monday night! Lots of people who are investing are there and you can bounce ideas off them.
Sounds great. Where do I get the details of the meet-up?
Hi @Elizabeth Pebody, here is the link - https://www.meetup.com/lynchburgreia/events/298566398/
Post: How to Scale without rehabbing (BRRRR)... starting with 400k
- Investor
- Central Virginia
- Posts 393
- Votes 253
I am not sure if BP will let me post this, but it does validate my thoughts above.
https://fortune.com/2024/01/22/billionaire-ceo-commercial-re...
Post: Real estate investing networking
- Investor
- Central Virginia
- Posts 393
- Votes 253
Quote from @Aaron Howell:
@Hannah Carter There is probably some meetup in Roanoke or Lynchburg. Definitely one in Waynesboro you can find on Facebook called "SAW real estate meetup"
Welcome to Bigger Pockets ! You're in the right place to learn about Real Estate.
Post: How to Scale without rehabbing (BRRRR)... starting with 400k
- Investor
- Central Virginia
- Posts 393
- Votes 253
Quote from @Christopher Pray:
@Quinn Dudek
Instead of forcing appreciation through rehabbing, you could force appreciation through increasing NOI, ie increasing revenue or decreasing expenses.
You could also look at using creative financing.
Yes! I would suggest trying to find owner financing if possible as well.
Post: How to Scale without rehabbing (BRRRR)... starting with 400k
- Investor
- Central Virginia
- Posts 393
- Votes 253
Quote from @Quinn Dudek:
Quote from @Chris Webb:
Quote from @Quinn Dudek:
Quote from @Caleb Brown:
Everyone is different. BRRR's is great because you can find deals and rehab. Then you refi to pull money out. The properties will be rehabbed and fairly turn key. If you avoid rehab homes then you'll be targeting "turn key" homes. Nothing wrong with that just is a fairly simple strategy. You'll be waiting for properties to appreciate and build equity. in 2 years you can 1031 and buy more. If I had 400K I'd look into syndications or multi family. Use 400K as a DP and you'll get a solid deal. What's your background for investing?
Why would you focus on multi family?
You've got my attention with MFHs. Can you elaborate on why many syndicatons are trying to get out of bad debt.
Yes. Keep in mind, I do not invest in them. Brian at Nuvo would be better at giving details, but many syndication bought with low debt and higher levels of leverage. They also bought at 3 and 4% rates. The average commercial loan is 5-7 years with adjustments. Even if a building maintains growth, the lending market has tightened. This means banks that lend at 20% down may now want 40% down. This could easily take any equity a syndication has away from LPs. The GPs will either how this is playing out and have two options hold with a possible cash in refi (which the LPs will have to pay for) or sell. After a few months on the market, GPs will face pressure to get LPs out of the investment and sell at a discount. DM me and i can find a few videos of where I think i heard this was already taken place and an interview with Brian explaining this. His firm assists syndications with possible bridge financing.
Post: How to Scale without rehabbing (BRRRR)... starting with 400k
- Investor
- Central Virginia
- Posts 393
- Votes 253
Quote from @Quinn Dudek:
Quote from @Caleb Brown:
Everyone is different. BRRR's is great because you can find deals and rehab. Then you refi to pull money out. The properties will be rehabbed and fairly turn key. If you avoid rehab homes then you'll be targeting "turn key" homes. Nothing wrong with that just is a fairly simple strategy. You'll be waiting for properties to appreciate and build equity. in 2 years you can 1031 and buy more. If I had 400K I'd look into syndications or multi family. Use 400K as a DP and you'll get a solid deal. What's your background for investing?
Why would you focus on multi family?
Post: Hi everyone! --Real estate agent new to bigger pockets
- Investor
- Central Virginia
- Posts 393
- Votes 253
Hi @Cady Dawald, I am right down the road (a few hours) in central VA. I am happy you are looking at active investing. It really should only take about 10 years to replace your W2 income. Keep connecting with others and look for a local meet-up. You will find contractors and other investors to help you. Also, take a look at my YT channel (InvestLYH). I am an economist and analyst by trade and I buy and hold RE actively.
Take care.
Post: What should Cap Rate and CoC be for 4-9 units in Central FL?
- Investor
- Central Virginia
- Posts 393
- Votes 253
"is 7% CoC good" I would look at the solds in the last 30 days and try to see what the CoC return was for those with your assumptions. 7% might be good for someone outside of Central FL, but a local investor might know 9 or 10 is a better number. You have to find average and then build from there.
Post: Laura Alamery Review
- Investor
- Central Virginia
- Posts 393
- Votes 253
Very good, I just looked her up on YouTube and I did not see many recent videos. I did subscribe so if she does another one, I will see it.