All Forum Posts by: Antoine Martel

 I agree 100%. 

I do both but sometimes I do not know anyone in a market. The only way for me to find legit contractors is to find them myself and then vet them myself. You're right its risky but you'd be surprised what some referrals say.

I offer cash and fast closings as well. I am also doing BRRR projects. So I buy the property and do the rehab with all cash. Then after a 3-6 month hold I refinance it and take almost call my cash out of the property and do the same thing again.

GnuCash is great when starting out because it is free and super simple. 

Michelle. 

I see that you are in Cleveland but want to invest in Portland? Is there a reason for this?

I live in LA and invest out of state in places like Cleveland and Memphis and do so because of the cash flow. Portland is not going to have good cash flow, especially an apartment building. Have you thought about investing locally in Cleveland or even investing in other cities in the USA. 

I'd love to chat and learn more. 

Ben.

I am absolutely.

Let's connect. 

Joshua.

Great question.

1. Line of credit is not cash, its a loan and your paying an interest rate on that $.

2. The BRRR strategy is not a line of credit.

I do the BRRR strategy as well across the USA and have just been putting mortgage on the property and not doing the LOC option. Interested to learn why you chose the LOC option other than just getting a mortgage on your rental properties.

Carmelo.

I think that this bubble will pop within the next 5 years. Because of it I have changed the way that I have been investing and I am not getting involved in long rehab projects which do not produce cash flow. I have more been doing BRRR projects among other things. I think that once the market crashes there will be opportunity to do more rehab project and fix and flips.

Rosy.

Is there a reason that you want to do it yourself? I understand that you may just be getting started with your business but you can hire someone online on UpWork to handle all this for you.

If you want a free tool. One that I use is called GnuCash.

Aaron. 

This is a great article.

I have friends who invest in LA and they are placing 40+ offers a week to land a project a month. It is crazy competitive around here. 

Since you are in LA I'd love to connect and learn more about what you do.

Carl. 

Welcome to BP.

BRRR method is a great strategy and it is something that I do all the time. I live in LA but invest in cities around the USA doing the BRRR strategy and would recommend it if you have the time. If you don't have the time but want to create some time in the future. I'd recommend buying some turn key rentals to build some CF for yourself and then slowly go to REI full time. Sometimes my company sells properties out of own personal portfolio to investors like yourself. Would love to connect and share how we have grown.