All Forum Posts by: Eduardo Reyes

USDA is a good option for zero down, they don't have a minimum credit score. Property does have to be in rural areas, have to be permanent resident and cannot be a income producing property. VA loans are also zero down, however yourself or a spouse have to be in the military. Hope this helps. Best of luck to you.

you can get a list of vacant home from listsource.com, this may cost you a couple of dollars. You can also try contacting landlords from Craigslists. Driving for dollars is another popular option. Best of luck

I would definitely go to several contractors. Have them double check your numbers. You can also do the work yourself especially if you have the time. As this would be a great way cut cost and learn the cost for your next property. Hope this helps.

I believe Kansas City will continue to grow. As they're expanding KC Streetcar, airport. Driving more people to the city.

On Biggerpockets there's a glossary section with any and all terms that would be helpful to learn. 

Hello Denis, I definitely think that for your first BRRRR you should be a bit involved especially if you still don't have any systems in place. To minimize any potential setbacks. 1st thing I would do is set up good systems and then go from there. hope this helps

I'm interested 

Even though you may plan on managing the properties right now, I would still add the management fees in case later on you do plan on hiring a property manager later in the future. And you know that it still makes sense. I would run the numbers to with a higher percentage on your cap ex to see if it still makes sense.

Hello Gustavo, I saw that you didn't account for management fees. Your vacancy is a bit low as well, I would go with 6%, as well as your CAPEX unless the house will be fully rehabbed I think it's a bit low as well. Best of luck to you.

Hello Maria, as a building professional I would definitely find it annoying getting micromanaged on every little thing. However, as an investor, I would stop by several times a week, maybe not every day. Especially if you don't have any prior experience or have never worked with the GC. As for picking little things like tile, lighting fixture I would pick what I like. But again if you don't have any prior construction experience I would go with GC and pick the items that would work best for both of you. Hope this helps!