All Forum Posts by: Ryan Husser

Hi Saemi! 

You can certainly do a BRRR out of state and manage remotely. What you'll need to do is build your team wherever you decide to invest. I would recommend starting with a realtor as they will usually have good contacts for lenders, Property Managers and contractors. A good lender will be able to review your VA loan options as well.

Once you build your team, it will be much easier to analyze and make offers on deals. I've done this investing out of state and it has worked wonders and made my life easier. Hopefully this helps! 

@Young Kim Closer to 10-15% if you combine them, but yes that is correct! 

Hi Garrett! 

I am a little further South from Phoenix, but I would still love to connect. I'll send you my info! 

Hi Bryan! 

I am out of state, but my partner is in the Cincinnati area. Not sure of any meet-ups at the moment, but I would love to connect when you have a chance. Let me know! 

Hi Sequoia! 

Quick question, would she be included on title and the FHA loan or would it just be in your name only? If you do not get a gift letter from her, lenders would require those funds to be in your account for at least 60 days. So if you have time to wait, that is another option as well.

Hi Chris! 

My partner and I use Wave to track our expenses and bookkeeping. I believe the basic services are free and it is fairly easy to use. Hopefully this helps! 

Hi Travis! 

Let me DM you! I might have a Title company that can help

Interesting numbers, we are seeing very similar trends out here in AZ. Are you seeing a lot of buyers relocating from high-cost areas such as CA up there in Utah or not as much? 

Hi Austyn! 

Yup! If your cashflow will be going up with a conventional refi I would do it. One thing that might affect the rate is if you plan to rent it out, compared it being your primary residence. You'll want to talk to your lender about how much this can change the monthly payment. Either way however, it should still be less under a conventional loan. 

Hopefully this helps! 

Hi Jesse! 

With a major rehab like this I would recommend getting permits. Unless it is something more cosmetic and minor I will always get permits as I know there will not be any issues down the road if I try to sell or refinance the property. Each city is different and it will likely slow things a little, but it is way less headache in the long run. 

The worst thing that can happen is that you don't get permits and the work needs be demoed and redone. It is completely up to you however. Hopefully this helps!