All Forum Posts by: Redgy Saint-Germain

Hey guys, I been following Grant Cardone, read the "10X rule" "Be obsessed or be average " etc but I feel like the Grant's message is a bit contradictory to what our BP contributors are suggesting(start small and work your way up). Ive done quite a few deals, gained valuable knowledge in real estate because of BP and will always be grateful to have such a wonderful platform and good contributors. I am looking for your thoughts on bridging Grant and BP to get the best of both worlds when looking at scaling your business. Redgy

Taylor Lydon I am hitting the 1% rule with a duplex right now in Brockton. Rent went up 14% from last year, it should be pretty easy if you spend enough money to reno the Units. Redgy

Welcome !!! @Katie Miller

@Ty Martin I personally don't think you need an LLC before you start out. The learning experience from your first deal is what I would focus on for now. Unless you have 5-10 properties or an apartment complex I don't see a need for an LLC

Redgy

@Devin Chaulk The article posted a month ago is listed below. It may help you evaluate the deal

https://www.biggerpockets.com/forums/88/topics/464...

Good luck

Redgy

@Filipe Pereira  Fantastic post. I never knew this existed, I used to manually email back the tenants, I am glad to know that I can automate the process with the link. I just created a basic version of it, this is awesome. Thanks 

@Darryl Putnam thanks for the info, yes my numbers are all off right now, I don't think my cashflow will be affected, just the time for my ROI. I think its a good strategy to push the number higher at first and lower it as I am getting closer to rent ready. I have quite a few applicants mostly section 8, the units are awaiting inspection now.

Redgy

I have a duplex under reno right that I intended to use the BRRRR strategy on with 8% vacancy on the original numbers. My numbers are all messed up now because the contractor failed to deliver the units on time with all type of excuses. It`s been 108 days since closing, I`ve already paid the mortgage 3x and my units are not rent ready still. The question is "should I factor in holding costs next time on my BRRRR" ?

Redgy

Congrats!

Congrats