All Forum Posts by: Dennis M.

Hi! I am starting out on my real estate journey, and purchasing a place to house hack in bradenton fl.  everything is going smoothly.. until I tried to find homeowners insurance quotes - some companies don't even service the zip code 34205.  I am reaching out to local companies, and managed to get one quote, so thought I would see if anyone on here has a recommendation for homeowners insurance in bradenton

looking for a company that could insure a 29 year old roof "flat" (slight pitch, gable/hip) rolled torched down style. 

specific post, but also looking to connect with real estate investors in Bradenton FL.

Thanks for your time! 

@Joe Villeneuve

Thank you for pointing that out. Well received. My plan would still be to BRRRR the cash projects. Deals that only need minimal rehab seem a little harder to come by in the area I'm looking to start in (Worcester, MA). The Worcester market can be highly variable between blocks, and a lot of the properties that are more or less "rent-ready" with numbers that look good seem to be in more "war zone" type areas, which I'd like to avoid as best I can.

Good point. I suppose some of my reservations stem from trying to mitigate the downside risk as much as possible, considering it'll be my first foray into real estate, and there will be a little more room for error by minimizing expenses before the units are rented. But I suppose a good deal is a good deal, and focusing on the deal, rather than the financing, is a better way of thinking about it (of course I'm focusing on the quality of the deal regardless).

Hi everyone. I've been lurking here for a while, reading and educating myself, and I'm about 1-2 years away from being able to pull the trigger and get started with real estate. I'm looking to get started by investing in multifamily residential properties, focusing on a BRRR model. Ultimately, I'd like to use my initial acquisitions to move into commercial real estate through a 1031, and continue to build my portfolio in that way. The more I read, the more excited I am to begin. As such, I've been debating whether or not I should look into using hard money to finance my BRRRR projects vs wait another year or so and make an all cash purchase. I understand that using hard money will be more expensive in the short term, but I'm weighing that against the opportunity cost of waiting to make an all cash purchase, and I was hoping you guys would be able to weigh in and and share your thoughts. Thanks in advance for any replies, really great community that's been formed here.