All Forum Posts by: Joseph Bui

Best bet would be local wholesalers. I have contacts in Detroit, Cleveland, Memphis and other cities as well if you are interested. What markets are you targeting?

I have properties in TN so I’m obviously biased. I’ve seen tremendous growth and see growth projected as well. Happy share resources and help answer any questions. 

Hi Melissa, I have a portfolio of 8 doors across Detroit, Memphis and Seattle. Happy to knowledge share about my successes and set backs. I various contacts in Ohio and happy to connect you as well. 

I’ve helped people get hard money loans where they renovated the property then refinanced into a conventional after after rehab is complete. So for you, I think hard money is the best bet. Let me know if you need more info. 

Hard money terms and conditions are all over the map depending on the lender. I’ve shopped a variety of hard money lenders and happy to walk you through my research.  

It’s all about the market you invest in. Outside of Midwest markets it going to be very hard to find cash flow (assuming a mortgage with 20% down). I have a portfolio across Memphis and Detroit and they all cash flow. Happy to share resources if you are interested.  

HELOCS are a little scary because the rate is such an unknown thing. Is the rate they are quoting just prime plus some margin? Thats usually how HELOCs work. If that’s the case, the rate could jump significantly on you at any time. It’s also hard to recommend a refi because it’s not clear what rate you have right now on your primary. I’m happy to help run through your numbers and see what makes sense.

I’ve dabbled in Indy a bit and it’s a bit hard to cash flow there with these rates but not impossible. I have properties across Memphis and Detroit and this all pencil out to cash flow. Happy to walk you through the numbers I’m seeing. 

While its definitely more difficult to pull off full BRRRRs and even much more difficult to stay cash flow positive, I'm seeing it happen, but it highly depends on the market. Many markets are saturated so the opportunities aren't there. I have clients that pull this off in Detroit and Memphis. Happy to connect and share resources.

Hi Jacob, I have a portfolio of 10 doors mostly in Detroit and Memphis while being based in the Seattle area. Would be happy to connect and share any resources that make sense.