All Forum Posts by: Quinn Dudek

Me and a few other partners have 400k and are trying to get started with SFH. We are thinking about buying a few 300kish houses next year probably using DSCR loans. We would preferably not rehab and BRRRR as it causes complications and we are new. How would we scale this or potentially 1031 exchange into a larger deal (commercial)? Waiting for equity build up and appreciation and then cash out refi to buy a few more homes is a possibility but that may take quite a while. And I believe we may be over leveraged with something like 7 300k+ homes where a few possible vacancies and/or large unexpected payments could make it all come crashing down. What would you do if you had 400k and were looking to get into SFHs?

Everyone is obsessed with scaling quickly but the truth is half the people saying that are either selling or course or selling real estate lol. Buy one property see how it goes, keep saving money from your other source of income, then buy another rinse repeat, if any on your properties sky rocket in value you can 1031 them. It’s pretty simple it’s just gonna take time & patience but you’ll be much better set for success than focusing on doors/scale.

Makes sense. I read about some people scaling to 20-30 properties in a couple years and never understood how unless they were taking extreme risk. Appreciate the advice

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@Andrew Carlson

Thank you for the advice and the encouraging words. I'll give them a read!

1 Vote

Quote from @John Clark:

Quote from @Quinn Dudek:

Quote from @Chris Webb:

Quote from @Quinn Dudek:

Quote from @Caleb Brown:

Everyone is different. BRRR's is great because you can find deals and rehab. Then you refi to pull money out. The properties will be rehabbed and fairly turn key. If you avoid rehab homes then you'll be targeting "turn key" homes. Nothing wrong with that just is a fairly simple strategy. You'll be waiting for properties to appreciate and build equity. in 2 years you can 1031 and buy more. If I had 400K I'd look into syndications or multi family. Use 400K as a DP and you'll get a solid deal. What's your background for investing?

Why would you focus on multi family?

Hi, yes. I did assume commercial meant MFH. If that is not the case, I would focus on SFH. If it did mean that, MFH is going to be where the deals are in 2024.

You've got my attention with MFHs. Can you elaborate on why many syndicatons are trying to get out of bad debt.

If you are asking such basic questions I question whether you should be in real estate at all. You want quick appreciation but be passive at the same time. You want to know why people want to get out of “bad” debt. Next you’ll ask what makes bad debt bad, I reckon (think loan terms not matching property financial assumptions).

If you want investments that won’t worry your pretty little head, stick with bank CDs insured by the government. You won’t get much appreciation, but you won’t get your butt handed to you, either. If you’re asking these questions because you legitimately don’t know the answers, then you are NOT ready for real estate

I am not in real estate. I am asking questions to gain knowledge so I can get into it. Seems like you had a bad day. Hope everything's alright

3 Votes

Quote from @Chris Webb:

Quote from @Quinn Dudek:

Quote from @Caleb Brown:

Why would you focus on multi family?

Hi, yes. I did assume commercial meant MFH. If that is not the case, I would focus on SFH. If it did mean that, MFH is going to be where the deals are in 2024.

You've got my attention with MFHs. Can you elaborate on why many syndicatons are trying to get out of bad debt.

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Quote from @Chris Webb:

If you have that amount, I would just look at MFH. I would actually wait unitl the summer as many syndications are going to try to get out of bad debt and you will find some great deals.

Whats the benefit of looking at MFH instead of SFH? Thanks

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Quote from @Caleb Brown:

Why would you focus on multi family?

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Thanks Caleb. I have no background in real estate investing. Me and some partners have funds that we needed to put to work so we have been looking into real estate rental investing the past 4-5 months

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2 Votes

All Forum Posts by: Quinn Dudek

Quinn Dudek has started 1 posts and replied 9 times.

Post: How to Scale without rehabbing (BRRRR)... starting with 400k

Post: How to Scale without rehabbing (BRRRR)... starting with 400k

Post: How to Scale without rehabbing (BRRRR)... starting with 400k

Post: How to Scale without rehabbing (BRRRR)... starting with 400k

Post: How to Scale without rehabbing (BRRRR)... starting with 400k

Post: How to Scale without rehabbing (BRRRR)... starting with 400k

Post: How to Scale without rehabbing (BRRRR)... starting with 400k

Post: How to Scale without rehabbing (BRRRR)... starting with 400k

Post: How to Scale without rehabbing (BRRRR)... starting with 400k