All Forum Posts by: Randy Lavaire

@Thomas S.

I really appreciate the honesty Thomas. 

Part of asking the question was to possibly see what some opinions were from fellow members. 

Will definitely sharpen up my finance knowledge before I start investing.    

@Dorian Wood

Thank you for your advice , will definitely implement it.   

@Frank Wong

Thank you so much for you feedback it helped so much. 

@John Boychuk

Thank you so much for you advice appreciate it. 

I saw you mentioned you look for properties of at-least $700 in cash flow. Are does Multi-Family homes or SFH ?

I have done a-lot of studying and learning from books. You are definitely right about finding a mentor to learn from. I feel I see alot of how to start investing with almost little to no money but I cant find much on what to with alot saved especially for a newbies that are looking for financial  freedom . 

@Frank Wong 

Thank you for your advice it did help . 

Do you think the " Stack Method" could work using the BRRR strategy ?

Hello, 

Late last year my father and I decided to partner up to pursue financial freedom. We agreed that he would provide the funds and I would do all the work regarding looking for deals etc...  

We have over 75,000 saved but don't know exactly how to approach our first deal. I was thinking about using the " Stack strategy" were we would buy 1 property per year and every year double the amount of units we had the previous year. I know that with this strategy it would be a great way to learn as I go. 

With a good amount of funds available Im having a hard time figuring out if i should leverage and use that for a down payment for maybe a 4 unit multi-family home or bigger and just start of big. ( still searching how big i can go with 75,000 down payment) or just buying a SFH all cash and make it a rental.

Would love to see what you guess think and maybe some advice on what i should do.

Thank you in advance for taking the time to read my post. 

Hello

My name is randy and I’m 24 yrs old currently reading a lot and learning how to invest in real estate.

Would like to connect with someone in the Chicagoland area that can help with learning the in and outs of real estate especially in this super competitive market at the moment.

Hope I can connect with someone.