All Forum Posts by: Erik Bonales

So I found a potential property but the seller is asking price is high for all the rehab work that needs to be done and if we compare the value of similar homes. How do you guys determine how low you make your offer?

Thanks for the advice, I don't want to put my house at risk so will have to go with a hard money lender or prvate investor. Thanks

Hello BP, 

I currently have 87k in my saving and thinking of pulling a heloc from my home (another 80k) to be able to invest in my first BRRR. I would like to buy near me in Modesto CA. On average a 3B/2B 1,500sqf Turn key home runs about 325k. I am looking into getting a hard money loan to help with the BRRR property. Is this my only option to purchase the home cash?

I havent seen any properties just yet, trying to figure out how to fund the deal first.
Any advice is appreciated, thanks