All Forum Posts by: Melba Chambers
Melba Chambers has started 19 posts and replied 165 times.
Post: 2-family buy and hold in C neighborhood of New York

- Rental Property Investor
- Norwalk, CT
- Posts 171
- Votes 138
@Thomas J Petracca congrats, would love to see some pictures.
Post: A flip that didn't need much work

- Rental Property Investor
- Norwalk, CT
- Posts 171
- Votes 138
Congrats @Tai DeSa
Post: First hard money loan

- Rental Property Investor
- Norwalk, CT
- Posts 171
- Votes 138
@Nicholas Groover When I started looking at HMLs I looked at them because I came across an advertisement but after doing some research I was turned off by the upfront cost they require.
Post: No Money Where should I start?

- Rental Property Investor
- Norwalk, CT
- Posts 171
- Votes 138
@Joseph Santiago start by learning as much as you can from BP, saving some money or find a partner that’s will to invest with you. Or one of the best option is house hack if you don’t already own a home.
Post: Palliser Drive Flip that was filmed for The Property Brothers

- Rental Property Investor
- Norwalk, CT
- Posts 171
- Votes 138
@Aidan Kutcher Congrats, that's awesome!
Post: 2nd Property...BRRRR or NOT???

- Rental Property Investor
- Norwalk, CT
- Posts 171
- Votes 138
@Alexander Felice thank you...I will ask more questions for sure
Post: 2nd Property...BRRRR or NOT???

- Rental Property Investor
- Norwalk, CT
- Posts 171
- Votes 138
@Whitney Hutten ok thanks...I’ll look into that
Post: Didn't quite cover my costs on this BRRR.

- Rental Property Investor
- Norwalk, CT
- Posts 171
- Votes 138
@Erich Henson Congrats!!
Post: First Property Investment

- Rental Property Investor
- Norwalk, CT
- Posts 171
- Votes 138
@Brady Allen Congrats!! Awesome Job!
Post: 2nd Property...BRRRR or NOT???

- Rental Property Investor
- Norwalk, CT
- Posts 171
- Votes 138
I am currently under contract on a duplex that will bring great cash flow, once it's updated. I am still not comfortable when it comes to the BRRRR strategy. I am thinking after I close using a conventional loan, I will take out a personal loan for the renovations. After 6months or so I will look to refinance it pay off the loan. Does that make sense? I feel like getting a hard money loan with my lack of experience will be difficult and I don't want to jeopardize my closing trying to get it done. Any suggestions would be great!!