All Forum Posts by: River Sava

Welcome Hans!

Hey Jack - 

Absolutely go! It’s normal to feel like you don’t have enough knowledge at the start, but these meetups are a space for learning and building relationships. You’ll find that many investors are happy to share advice, whether you’re a beginner or seasoned pro. Showing up and asking questions is a great way to learn. You’ll also make valuable connections that could help you down the road.

Also, l'm from Newburyport and happy to connect with you. Highly suggest connecting with @Daniel McDonald as well who runs a great meetup in the Boston area. Good luck!

Welcome, Jared!

Happy to connect and good luck as you jump in

Hey Henry - Congrats on you success! Both options you’re considering have their pros and cons.

Converting your garage into a studio would give you a fairly quick ROI with the potential for passive income. If you're aiming for a stable, hands-off income boost, this might be the way to go, especially with the cost being relatively low compared to other investments and being in an expensive market.

The flip or brrrr route could help you grow your capital faster, especially with your $75K budget. If you find a good deal, you can pull cash out after refinancing, which allows you to scale quickly and reinvest. However, it is more hands-on. 

One thing to consider - are you open to investing outside of CA? If you're willing to look at other markets, you likely could find higher returns or better opportunities than what’s available locally for a flip and/or brrrr. 

Hey Jamison, 

Are you considering hard money for the initial purchase rehab? 

Also, sounds like a DSCR would be a great option for the refinance side of things. Check out this article below that details how DSCRs play into BRRRRs. Happy to connect!

https://www.biggerpockets.com/blog/brrrr-loans-what-are-the-...

Hey Tyler, welcome!

If you're open to expanding your search to surrounding areas, I suggest looking into Charlotte as there is a strong opportunity for long-term growth. 

As Jake mentioned, I also suggest looking into local meetups. Check out meetup.com and join local investing groups on Facebook. Happy to connect and help where I can. 

Welcome, Misola!

I’m from Newburyport if you know the area. It sounds like you've had an amazing start with that first rehab project.I'd love to connect sometime and chat further about your previosu project and what you hope to do down the road. 

Welcome Jesus! I'm based in Tampa, happy to connect with you. 

What types of strategies are you interested in? Flips, BRRRRs, vacation rentals, etc

Hey Celso - Our HQ is in ATX. The market has definitely gotten more competitive, and it's common to see BRRRR deals over $250K, especially given the high demand/appreciation in the area. However, higher property values mean there's also potential for strong rent growth, which can help balance out the numbers when you refi. I've seen some investors focus on surrounding areas or neighborhoods with more value-add potential, as they can offer better cash flow options.

Curious to know if you're also considering multi-family properties in the area? Those can sometimes offer more favorable numbers for BRRRR in markets like ATX.

Hey Ryan - 

Looks like a rehab and refinance could be an ideal route for your plan! When you refinance, you’re essentially borrowing against the value you've built up in the property, rather than realizing any taxable income. Because it’s a loan, not a sale, you don’t trigger capital gains tax by pulling cash out this way. So if you renovate and the property appraises higher, you could use a cash-out refinance to access funds for a new down payment on another multifamily property—without creating a taxable event.