All Forum Posts by: Jake Baker

@Cosmo DePinto

I agree with @Jaycee Greene that you should narrow down your buy box. Know precisely what you are looking for; wholesalers/agents can help you better. 

For a solid BRRRR team, you'll want to connect with:
- Investor-friendly real estate agents who understand cash flow properties and off-market deals.
- Contractors or renovation specialists with experience in cost-effective rehabs to meet ARV goals.
- Property management companies that can maximize rent and minimize vacancies.
- Lenders specializing in cash-out refinancing for BRRRR strategies.

If you’re not already connected, I recommend checking local Savannah investor meetups.

@Jacob Riddle

Learning to wholesale and switching to BRRRR is a lot to learn. I recommend sticking to one. To find good deals for your BRRRRs, you will need to network. I recommend local meetups. https://www.biggerpockets.com/forums/521

@Aristotle Kumpis

We do 10+ Flips/BRRRRs annually and fund with Hard Money and Private Money.

Hard Money will fund 90% of the purchase price and 100% of the rehab on a draw schedule.

Our Private investors will fund the remaining 10% of the purchase price, the first portion of the rehab (to be drawn later from the HML), and the holding costs.

Of course, with private lenders, you must give up equity or a return on the debt.

@Justin R.

How many properties do you have? Just trying to gauge whether your bookkeeper is overcharging, especially if you are splitting duties.

I would be careful with real estate-specific software. I like @Basit Siddiqi advice about trying both software to make sure that you like it. 

These software are often excellent platforms for tracking income and expenses for investors; being user-friendly. For many, their downfall (and really what makes it so easy) is that it is a single-entry system. This means there are no checks and balances to ensure all transactions are entered correctly. A double-entry system (like QuickBooks) allows you to reconcile your bank statements,

@Nicholas A.

House Hacking a primary residence is the best way to generate wealth. After House Hacking, or if you can’t find a way to House Hack, you should invest where you feel you have a competitive advantage. I invested in Jacksonville, FL, because my old job would fly me there multiple times yearly. I learned about the city over time and began my out-of-state investing journey. 

Whatever market you choose, be sure to nail down your buy box. This will allow your agents and wholesalers to better assist you.

@Casey Graham

Aggregating 100 doors in a growing market could create significant value for an institutional buyer. The key is to standardize property quality and management systems, which would appeal to buyers seeking scale.

If you’re thinking long-term, holding these properties for cash flow while leveraging local appreciation is also a strong play. A mix of short- and long-term strategies could hedge against market shifts.

Borrowing allows you to scale faster, especially if you can secure favorable terms. For example, using 70-80% leverage could preserve your cash for more deals while maintaining strong returns.

A blended approach might work: pay cash for smaller deals to avoid delays and borrow on more significant properties to spread risk.

@Cosmo DePinto

The BRRRR is alive and well. However, it is not what it used to be. "Perfect BRRRRs" are rare nowadays. That doesn't mean you shouldn't BRRRR. It is a complimentary strategy to pull some of your money back out and hedge your bet.

@Stacie Telles

Most lenders have a seasoning period (typically 6-12 months since the original loan), so check with your current bank or shop around for others.

I would also watch out for prepayment penalties on your current loan.

@Anthony Kolbusz

BRRRR method is a fantastic strategy, especially with your trade experience. Rehab cost overrun is where most BRRRR investors and flippers go wrong. You can save a lot on costs if you do many repairs yourself.

Look into hard money lenders or private lenders for the initial purchase and rehab.

Connect with wholesalers, agents specializing in investment properties, and other BRRRR investors to find deals and learn more. If you want private investors, start by asking friends, family, or colleagues in your network who may wish to a passive income opportunity. Share a clear business plan with numbers showing expected purchase, rehab costs, ARV, and rental income. Investors love seeing a solid return on investment. An experienced private money lender will want to see a track record.

@Blair Ross Jr

Electric/Gas:
Contact the utility provider to see if separate meters are allowed for your property. You'll likely need an electrician or plumber to install separate lines/meters. Costs vary but can range from $1,000 – $3,000 per unit.

Water/Sewer:
This is more complex and may require approval from your local water authority. Plumbers can separate lines, but trenching and additional work can drive costs into the $5,000 –$10,000 range. Some areas allow sub-metering instead, which might be cheaper.

I would contact a local contractor or utility company to assess your property and get quotes.