All Forum Posts by: Michael Keane

Hello BP Community! 

I am closing on an investment property that needs about $30K in interior rehab. Would a lender on the conventional mortgage lend money toward the rehab or should I get a hard money loan and pay back through a cash-out refi once the rehab is done? 

Appreciate any insights!

Hello BP Members!

I would welcome your thoughts/insights, from the buyer's perspective, on signing a Buyer-Broker Agreement. Do the advantages outweigh the disadvantages? Any red flags to look out for? 

Thank you Jared. I'll be in touch soon.

Dillon, thanks for your reply. 

Ideally 8-10% CoC ROI. Maybe 6% if purchase price is right and in an area with a strong and consistent rental market.

Perhaps we can schedule a time to speak on the phone? 

Hello Members! 

I am actively looking for investment properties in the Tampa area. Buy and hold, BRRRR, single families, duplexes are my strategies! I would welcome any input, recommendations, referrals from those experienced in this area.

Thank you! 
 

Hello BP Members!

I took out a HELOC from my primary residence and also have cash saved.

Should I also look into a hard money loan toward my first investment property? I am interested in a BRRRR.

Any advice on how best to structure the financing would be greatly appreciated!

Can I use a mortgage to make the initial purchase of a BRRRR property or must I purchase the property with cash to make the strategy work properly?

Brian, thank you very much for your insights. I'm actually approaching the 2 year mark of the purchase, so I appreciate your referencing the 121 exclusion.

You also mention 'house hacking'; I understand this is a broad term. Did you have a specific strategy(ies) as applies to my situation? I would appreciate your thoughts on this. 

Thanks again. 

Thanks, Gary! That makes sense. 

Greetings BP members!

My primary residence is a one-bedroom condo. It was recently appraised at $335,000 and I have about $245,000 left on my 30-yr fixed mortgage. 

I was considering taking out a HELOC to use toward a down payment on an investment property.

Alternatively, I was considering selling my unit and using the profits to invest in two properties: a new primary residence and an investment property. 

I would be grateful for any insights on which strategy would be optimal.

Thank you!