All Forum Posts by: Kyle Howe

@Jonathan Mueller I did not think of that. In your opinion would that turn tenants away? Since they would have to get a washer and dryer

@Brandon Gee The first real estate experience I had was a live in flip. I bought it for 38k, moved my buddy in for $250 a month, then sold it for 65k. Profiting $24,900.

Initially my goal wasn't to invest in real estate, I just wanted to flip my way to a nice house. Only took my three houses but I regret not doing the BRRR method and keeping them all as rentals.

So my advice would be do a live in flip. Primary residence you only need 3.5% down for FHA loan. You do have to live in the property a year. Then either sell it or pull out the equity to buy more real estate.

Looking at a duplex that doesn’t have laundry in either unit. Is it worth the money to add laundry. And could I increase rent because of it?

@George Patrick awesome! Thank so much for the advice I appreciate it and I agree paying any form of debt down ASAP is important

@Darius Ogloza absolutely agree. How many units are you at and have you used the BRRR method on any of them?

@Brian Gerlach thank you so much for the advice. I really appreciate it and I completely agree

I plan on doing a HELOC on my personal property. Since you can borrow up to 80% of your equity it'll be around 43k. My plan is to use part of the money for the down payment on a duplex/triplex. In my area the down payment will be around 10-15k.

If anyone have thoughts on this strategy or advice I’d really appreciate the input!

I’ve bought one house already, lived in it, fixed it and sold it. I used that profit for the 20% down payment on my new house. Which I’ve been house hacking. But now I’m wanting to do my first actual flip. I have a property in mind just don’t know how to get a hard money lender. Please help!