All Forum Posts by: Logan Lambert

Is it ever a good idea to "BRRRR" a primary residence, minus the renting part? Just buying a distressed home, renovating and refinancing it to recoup costs that can be used for future investments, then living in it permanently?

I am looking to start my real estate journey in the coming months. I've been doing a lot of research into real estate investments (BRRR, Fix and Flip, Multi etc.). My strategy is the long game, buy and hold, build equity and cash flow down the road. As I understand that there is not one best strategy. I don't plan on sticking to one method of investing however I do realize that some investors start with Single family and grow into multi-family. I would love to hear some of your thoughts and opinions on this.

Didn't know what a DSCR loan was until this post

Does anyone have experience with the BRRRR loans? I am curious if anyone is using this product to build their portfolio. What is the time period required before refinancing? How do you determine the rehab budget with the lender?

Hello! I just bought my first investment property and I'm already looking out a year from now to start applying BRRR. I need some help wrapping my head around everything. Would it be to forward to ask if anyone would be willing to hop on a zoom call? I'm in the Milwaukee market. Any advice is always appreciated.

I recently bought a duplex that I plan to convert to a fourplex. I used a hard money loan to purchase this off market deal.

I rehabbed the upper two units within two and a half weeks and have a renter already lined up for one unit. I believe after the holidays the other unit will go quickly.

What is the rule to refi into conventional loan? If I secure renters and show a lease agreement and deposit can I get into lower interest rate mortgage?

I wasn't planning on going this big for my first investment but the deal, location and potential to value add was too good to not go for it.

Thank you!

Yes I did! I checked comps and all the rest. Bought for 30% under asking price. Getting rehab started now. Pretty excited!

Hello everyone,

I'm brand new here. I'm starting my first BRRRR project and just closed on a property using cash. Since I bought cash, I didn't get an appraisal. Is it a good idea to get an appraisal before AND after the rehab/refinance stage? What do you guys think?

I'm considering getting into wholesaling, but from videos and some research I have done it seems like a lot of investors and agents don't like wholesalers? I'm assuming it's because the wholesaler is basically the middleman? I would love some advice on wholesaling from the experts here on BP. Thank you 

My husband and I have other property investments but recently, we established an LLC to start doing fix and flips in Baltimore City/County/surrounding areas. Baltimore City has a massive vacant housing crisis (no surprise there!). However, the City initiated the "Buy Into Baltimore" open bid program (which we're interested in participating) through which you can bid/buy city-owned abandoned/vacant properties for redevelopment/resale.The problem is, there are so many blighted neighborhoods in Baltimore, it's tough to know where to start. Our goal is to help tackle this crisis by rehabilitating one unit/block at a time. Has anyone looked into this issue? How did you start? How did you decide which neighborhood/street/zip code to start with? What was your approach? Appreciate all your feedback.