All Forum Posts by: Garrett M.

Hi @Nate L.- 

Welcome to Bigger Pockets! Be sure to search BRRRR in the forums. I recently set up keyword alerts for BRRRR and BRRR (with only 3 Rs) and I've been getting a steady supply of interesting questions and examples of that strategy. Best of luck on whatever strategy you pursue!

Hey Chris, I can highly recommend Tristan from D.S. Burkholder Electric. I worked with him on a rehab and also on my own small home projects. They work in Philly and do very professional work. Not the cheapest, but worth it I think.  I can't give you the number here, but I will send it privately. 

Welcome to BP @James Hendricks. Are you looking for projects in the city or outside the city? What type of projects are you looking for? SFR, MFH? Have you considered getting your General Contractors license too? Could be a good thing that makes you a stronger partner.

Best of luck to you! 

Hi All!

@Shawn Coverdell, The lender that doesn't require seasoning, that's a commercial lender correct? Or conventional lender?

Thanks.

Hi @Stephanie Cabral,

It is so encouraging to read your BRRRR success story! I love the 30 year finance with the LLC. I need to figure that out! may I ask how you determine your ARV? Do you have MLS access or another method? I struggle in my market of Philadelphia to find reliable comps. Recent sales in my farm area haven't been fully renovated like my first BRRRR.

Cheers and Congratulations on your project!!

Congratulations @Iman Yu! That is AWESOME. Thanks so much for the detailed breakdown of your deal.

I am just finishing the refi on my first BRRRR in Philadelphia. I used a HELOC but I'm excited to try using a Hard Money Lender now that I read your post. I don't typically hear of that many people using HML on buy and holds, usually only flips. It sounds like a quick turnaround and good scheduling made it possible for you. Any other tips you have using hard money for BRRRR deals?

Congrats again!

Thanks for your follow up @J Scott! Thanks for your books as well! 

Welcome to BP @Chuck Wicker,

Be sure to set up your keyword alerts for Philadelphia or the NJ towns you are interested in for flipping. Keywords send alerts to your profile and are a quick way to get in the loop. What are your specific flipping goals? Do you have any special skills or experience that can give you an unfair advantage in getting started? 

Also check out the many excellent BP podcasts on flipping! Good Luck!

Hi @Julia Choseed! 

Here is a link to a "Guide for Philadelphia Landlords." It really helped me on my first rental. The guide outlines all the docs you may want to give your tenants and outlines some useful best practices for protecting yourself. Cheers! Happy landlording!!

http://brownstonere.com/blog/landlord_guide