All Forum Posts by: Jeff Lab

Aloha @Brad Peralta!  Sent you a PM

To answer your question, yes, you acquire the property with cash (HML, Private $, Personal $).

I got it on audiobook, but this will be a great start.  https://www.biggerpockets.com/store/brrrr-ultimate?utm_source=searchresult

That's how I started, and haven't looked back since.  I'm no longer using that strategy but I'm glad I did.  

Check the forum search under Huntsville and you'll find positive reviews.  Try researching the 1% rule as well and you'll find that you're likely to find more 1% properties in Huntsville than California (which is also less landlord friendly).  I've heard good reviews about realtor John White.  He's on BP.  Good Luck.

Congratulations!  Just curious, what banks have you reached out to that would loan out $67k arv?

I know Bank of the West still does helocs 

Try https://www.ridgelendinggroup....

If there is even a slight correction, how will this affect your ARV calculations and refi?

From the response it looked like it was gonna be a good showing.  Kudos to you braddah! 

Couldn't make it yesterday @David Pere.  Hope things went well. -- Jeff