All Forum Posts by: Cody Bergstrom

Hey Khemraj,

Great question, man. I'll tell you this—the BRRRR method can still work if you play it smart. I'd suggest focusing on single-family homes, rather than multifamily, for your first one. Multifamily's great, but SFHs are moving better in this market, and they're easier to refinance with DSCR loans.

I agree with you—MLS is slow, but that just means you need to go off-market. That's where the real value-add stuff is. Think distressed properties with cosmetic upside. Avoid trying to flip it. With flood insurance costs and a high Days on Market, a flip exit is risky right now. Go for a buy, rehab, rent, refi, and hold play. That long-term rental cash flow is what makes it safe today.

And yeah, lenders are scrutinizing deals more, especially on the DSCR side. So make sure you run your numbers tight. Get a clear understanding of what your ARV will be and what the DSCR loan will look like after the rehab.

Hope that helps, man. Sounds like you’ve got a great start—just dial it in, be conservative, and make that first one count.

Let me know if you'd like to discuss the topic in further detail. 

Best, 

Cody Bergstrom
Graystone Investment Group

Thanks, Ryan. Appreciate the support!

With so many Real Estate investment strategies available, it's crucial to find the one that best suits you. This is something that I spend a lot of time wrestling with as I am learning where my personal path in real estate should begin. In this post, I’ll outline some popular strategies to help you make that choice.

1st: The Fix and Flip strategy involves buying run-down properties, refurbishing them, and selling them at a profit. This strategy works well if you enjoy DIY and quick rewards.

2nd: The Buy-and-Hold approach involves purchasing properties, renting them out, and building wealth over time through rental income and property appreciation. This is an excellent strategy if you're looking for long-term gains.

3rd: House Hacking helps you to save costs by living in one unit of a multi-unit property and renting out the others. This enables you to start building wealth while also reducing your living expenses. This strategy, in particular, is very popular for beginners and younger people.

4th: Wholesaling helps you to find great deals and sell them to other investors for a fee. This strategy is ideal for those who enjoy networking and negotiations. Another benefit is that you don’t necessarily have to have a lot of capital to do this.

5th: Real Estate Syndication helps you to pool funds with others to invest in larger income-generating properties. This helps you to diversify your investments and tap into bigger opportunities.

6th: Short-Term Rentals helps you to rent out properties on platforms like Airbnb for higher income. This strategy requires more hands-on management but can be rewarding.

7th: Commercial Real Estate involves investing in office buildings, retail spaces, and warehouses. This strategy is ideal for those with significant capital and a taste for commercial ventures.

It's worth noting that picking the right strategy is personal. Consider your goals, skills, and budget. Many successful investors mix and match these strategies to create a diverse portfolio. It's crucial to keep learning throughout your real estate journey.

However, the most essential part… is starting!