All Forum Posts by: Ken B.
Ken B. has started 5 posts and replied 74 times.
Post: Help me decide whether to add a bedroom/Bathroom, 1200 sq ft!
- yucca valley, ca
- Posts 75
- Votes 33
If you're able to add drywall, door, and a closet thats cheap. If electric and plumbing are already in place it's totally worth it, plus its 1200 sq. '. It'll definitely improve ARV and rent will go up. I'd definitely make it a 3/1.5.
Post: Getting Frost Bit on Our First BRRRR !!!
- yucca valley, ca
- Posts 75
- Votes 33
I was hoping they were oversized 1/2 bdrm. Could have added a bed room in each that would have added value.
Post: How to BRRRR without hurting Credit?
- yucca valley, ca
- Posts 75
- Votes 33
It seems like your doing great and as time goes on your credit will definitely return to normal and then some. @Joe Norman and @Cameron Tope are correct as they season the scores go up. I'd gladly love to have your problem and congrats on all your BRRRR's and keep going.
Post: Getting Frost Bit on Our First BRRRR !!!
- yucca valley, ca
- Posts 75
- Votes 33
After conversion how large are the other units and #bdrms.
Post: Newbie Miami investor with 150K to invest
- yucca valley, ca
- Posts 75
- Votes 33
Nice area, I went to college in Miami. If BRRRR is your preference I would recommend a BP realtor who is an investor already. He'll probably know how to BRRRR or at least buy/hold techniques. Also, really recommend David Greens new book called BRRRR @ BP book store.
Post: Hello from St. Louis!
- yucca valley, ca
- Posts 75
- Votes 33
Your approach is dead on in my opinion and an excellent time line. Good for you.
Forever or 1031. If you flip the taxes are horrid (as high as 47%).
Post: Pick my Brain ( biggest request i get on BP)
- yucca valley, ca
- Posts 75
- Votes 33
We need more good people like you. I'm a disabled Vietnam vet who sees the visual results of war veterans every week at the VA.
Thank You for caring.
Post: My 1st BRRRR a base hit!
- yucca valley, ca
- Posts 75
- Votes 33
Super exciting and very happy for you. Your numbers are great. Guess what, now they begin to get easier. Good job and keep going.
Post: Really need some help/advice
- yucca valley, ca
- Posts 75
- Votes 33
A great way to start out is maybe a duplex, triplex, or quad. Get a fixer at 60-80% and obtain an FHA loan @3.5% includes wraparound for rehab work. Requires you to hack (live in) for a year. Benefit is you'll probably live free maybe get positive cashflow, at least in the 4-plex. Qualifying is fairly easy. A good bigger pockets agent in your area could probably help locate the perfect property in the right location.