All Forum Posts by: Michael Acevedo
Michael Acevedo has started 5 posts and replied 21 times.
Post: Transactional Lender Networking

- Rental Property Investor
- Virginia Beach, VA
- Posts 21
- Votes 20
@Matthew Nicklin
Thank you Matthew.
Post: Transactional Lender Networking

- Rental Property Investor
- Virginia Beach, VA
- Posts 21
- Votes 20
Seeking transactional lender in the Atlanta area that can assist with double closings. Let's Network.
Post: Training to star Wholesaling in VA

- Rental Property Investor
- Virginia Beach, VA
- Posts 21
- Votes 20
@Nicole Contreras
Check out “wholesaling out of the box”, great resource for me in Hampton Roads. They also have a Facebook group called “Virginia Wholesale Real Estate” every Sunday at 5pm EST they have a ask anything wholesaling zoom call with a very experienced wholesaler here in Hampton Roads.
Post: Anyone begin their real estate journey in their late 40s?

- Rental Property Investor
- Virginia Beach, VA
- Posts 21
- Votes 20
@Patrick Froehlich
Generational wealth is my goal. Although I am very young. If I was older, I would want to leave a real estate business that operates after my time. So I don’t think much of that time but more of what can I leave behind for my children to continue and grow. Getting started is all it takes. No matter what age.
Post: Areas that with houses for 50k

- Rental Property Investor
- Virginia Beach, VA
- Posts 21
- Votes 20
@Joe S.
Not sure if Mississippi is a war zone but I was down in Meridian for a family visit and there were pretty cheap SFH, a lot of them. Appreciation seems horrible, not sure what the rent goes for in that market, but worth a look. I know they have a naval air station in Meridian as well.
Post: Norfolk, VA Investor

- Rental Property Investor
- Virginia Beach, VA
- Posts 21
- Votes 20
@Clint Sams
Network, Go to Local Meet ups, and make sure you have a VET process for your buyers and have them provide a POF if you have a property under contract so you don't get people who waste your time.
Post: BRRRR Method Further Explanation

- Rental Property Investor
- Virginia Beach, VA
- Posts 21
- Votes 20
@Lee Ripma
Thank you so much Lee, very helpful. I appreciate you getting back to me. Enjoy your day and stay safe!
Post: BRRRR Method Further Explanation

- Rental Property Investor
- Virginia Beach, VA
- Posts 21
- Votes 20
@Lee Ripma
Thank you so much for clarifying that for me Lee. I had a hard time wondering if I can utilize the BRRRR method with an FHA loan. Since it cannot be utilized through FHA, can it be utilized through a conventional loan? Or cash and Hard money lenders and creative financing strategies are the only way?
Post: BRRRR Method Further Explanation

- Rental Property Investor
- Virginia Beach, VA
- Posts 21
- Votes 20
Hello Everybody!
I am having trouble one on part of the BRRRR Method. In the buying process. Does the property have to be bought cash? And rehab as well? Or can I finance the property through an FHA, live in it, put some sweat equity in, after a year, rent it out for six months then re-finance? Is this still considered a BRRRR? Or will the Loan to Value affect me in the refinance process? And if so, is it possible to bring that loan to value to meet the lenders criteria through the sweat equity I put in? And the year and a half the mortgage was being paid down plus the 5% initial down payment or is there a slim chance of getting that loan to value to refinance using this method?
Post: Flood insurance Hampton Roads Virginia

- Rental Property Investor
- Virginia Beach, VA
- Posts 21
- Votes 20
@Ian Shinnick
Thank you Ian, I’ve also heard if you do not provide flood insurance and you have a property on a mortgage, the bank will automatically provide flood insurance at the rates they receive which are much lower I’ve heard and they just charge it to you, but I am very skeptical as to using that method because I do not know everything of it and how it will effect the relationship with the Lender. I may just search providers that can provide me with the private market flood insurance y’all speak of.
Thank you so much!