All Forum Posts by: Leanna Abu

I have a couple of questions as I'm assembling a business plan, to venture into purchasing my first investment property using the BRRR strategy, any help would be appreciated.

1. When using a conventional loan to purchase a first BRRR, can the monthly mortgage payment be postponed at least until the house is occupied by a tenant?

2.When calculating what should be offered for a house does the 70% rule apply to every state? for example I live in Michigan can this percentage be lowered, therefore offering lower on a property?

3.Can a second mortgage be taken out to purchase a  minimal rehab brrrr investment property? I don't t want to encounter the risk of dealing with hard money and private money as this is my first property, and the possibility of the home appraisal being different than what I anticipated, or extension of rehab, which would cause me to owe extra money, and cut profit, and delay return.

4.Any great software that can gauge the types of renovations that will increase the value of a property? How to determine rehab budget?

I am a SAHM 28 while my husband is 33 a computer engineer. We have a nice piece of money that we have gathered about 20k and would like for it to go towards our first investment property. We are in the process right now of gathering as much information as possible on BRRRR and trying to determine if its the right path for us vs fix and flip. when reading a researching about real estate investing many people make it seem so straightforward , black and white, clean and easy. My questions is what are the cons of this business, specifically brrrr? I would feel more comfortable knowing the downside and the cons than to hear all the good that comes with investing using BRRRRR.Any advice or guidance would be appreciated, we are located in Michigan.

can someone give me a step by step guide on how to start wholesaling? how to get properties, investors, paperwork logistics .From what I have researched so far it doesn't seem complicated at all. From what I understand in order to get properties Drive and search or use craigslist, once I find the home contact owner, via in person, call, research property using tax city  assessment , run comps, post property for sell on craigslist, fb market place, negotiate price with owner, draw up contract with both investor and owner, take contract to title company and secure deal. Am I missing something?

As a busy mother, it is challenging to "drive for dollars" are there any databases that contains information on houses that are for sell, and interested investors?