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All Forum Posts by: Mohamed Barry

Mohamed Barry has started 3 posts and replied 3 times.

Post: Flipping in Cleveland Ohio

Mohamed Barry
Posted
  • Posts 3
  • Votes 5

HI all i am exploring flipping homes next year. My target market right now is Cleveland, Ohio. Just going over the recently sold homes on Zillow and other sites, i am seeing a lot of homes being purchased for 20-30 k and sold for 150k plus. I am also seeing a large inventory of these cheaper 20-30 k homes. I am reading some books, and doing my education. But i would love to connect with flippers who have been successful with purchasing homes in around 20-50k and successfully flipping them for profit. Even if you dont have flipping experience in Cleveland i would still love to get in touch and hear about your experiences. Thank you. 

Post: Fairbanks Alaska Airbnb

Mohamed Barry
Posted
  • Posts 3
  • Votes 5

Hi all, I am looking to connect with people who have short term rentals in downtown Fairbanks area. I would love to get an assessment of the market. It seems that there are opportunities both in the winter and the summer, but would love to hear from those who have experience in the area. Thank you. 

Post: The B in BRRRR

Mohamed Barry
Posted
  • Posts 3
  • Votes 5

Hi all, I've recently started reading the BRRRR book. Is the B(BUY), and the whole strategy premised on buying the first property out right without taking out a loan? Then later taken that equity to get a loan/refinance for the next property? I'm very green to investing-I plan on buying my first property by 3-2023. It seems that BRRRR is not a viable strategy for someone who is trying to put 20 percent down on a home, but maybe a viable strategy once you have enough equity-is that correct? Thanks