All Forum Posts by: Jamaar Brown

I am writing a business proposal and wanted to know what’s a good conservative number of buy and flips with buy and holds should my company project to have after three years.

@Justin Schreibeis messaged

Can anyone help me with a good template for a business proposal for buying, rehabbing, and renting out property. I want to get this so I can talk to some investors locally. Please any help will mean the world to me!

I currently own a va backed home. The house, I had for a year, but since I recently got married; the house is to small for the family. I won't to turn the house into rental property and use my va again for a bigger family house. What are some options I have to achieve this? I read about IRRRL refi, but I don't know if I can do this because the house hasn't been owned for no more that 9 months.

@Keenan Fitzpatrick is the person in Ak?

@Patti Robertson no ma’am I am from here just moving back.

@Sovat C. How are they?

Hello everyone and happy new year.

My question is I own a rental house in Anchorage, Alaska, but I just moved to Virginia Beach, Virginia, where I purchased another rental. Now I want to take the equity out the Anchorage house and buy another house here in Va Beach. From my understanding the heloc can’t be done because that’s only for primary residence. Does anyone know a bank that will give me a line of credit so I can put a deposit on another house?

Hello,

So I've been doing a lot of research lately, and I've been going down further in the rabbit hole. My question is because my intent is to bring in passive income over time. I've been thinking how to achieve this is: pay more than 70% arv minus repairs, put half of rehab cost into consideration, while still using BRRR method. After a few months I rent out so I'm not paying rent and a mortage. Please tell me if I am thinking too much or any good input.

You have to excuses my ignorance I am doing research. I understand the 70% rule If you plan on flipping property. But what if I plan on renting it out. What percentage should be my rule of thumb?