All Forum Posts by: Kyle Robarts

Hey all. My wife and I are ready to move forward with purchasing our first property with the BRRRR method in mind. However, when talking to banks we are struggling to find anyone that will do a 30-year loan a rental property. Does anyone have any advice?

While a 30-year loan on the front end would be nice, I am more concerned with having a 30-year term after the rehab during the refinance process.

Appreciate any feedback.

@Blake West the recommendation I got today was https://cromwellco.com/ - hope that helps. Let me know if you have any questions.

@Blake West I live here in Waco and am actually having an advice appointment with a long-time local property manager in town tomorrow. I’ll see what his situation is and report back. What zip is your property in?

@Mike Dymski ha, no doubt!

I have zero deals at this point. My wife and I decided to get into REI a couple of months ago. We are getting closer to taking action - in fact we made our first offer last week to a wholesaler. I knew that it likely wouldn't get accepted (and it didn't), but it felt good to try.

We had twins in December of 2016, and that year I remember my wife reading "What to Expect When You're Expecting," and I read two books on expectant fatherhood. Those books were great and they try to help you think of all the possible scenarios and assist in planning for a life-changing moment. HOWEVER, when the two kids came out, instantly & at least at first, everything you read in that book goes to the back-burner and is completely forgotten. I mean, heck, you are in trenches! It's warfare and your cute little enemies take no mercy!

This is kind of how I think this whole REI experience is going to be like. I'm on my fifth Bigger Pockets book, I've listened to at least 50 combined BP RE podcasts, I've interviewed a couple of local REIs, and I incessantly consume info to be prepared. It feels like I know what I'm getting into, but I know that when the "baby" - or "babies" in my case - come out, it's going to be a whole new ballgame.

I honestly don't have much of a point for this post, but just felt I'd share that mindset and see if anyone felt similarly.

Have a good weekend!

Hello all - what are your opinions on sites like MyHouseDeals.com to find good BRRRR deals? Are these sites legitimate? Have you had any luck with them?

Thanks for your time.

Thanks so much @Joe Splitrock

@David Lee Hall, III thanks a ton for the advice

@Rebecca Williams thanks for the tip!

Thanks @Erickson Sainval for the feedback! I'll keep looking into it.