All Forum Posts by: Rob Greynolds

The purchasing aspect is easy if you and the seller can agree on a price, just get a lawyer to handle it for you. There is not much for us to contribute on that side of the conversation. If you are asking us how to finance it based on your current portfolio, then that mostly depends on your individual preference and financial situation. How far along are you in the BRRR process?

You have the cash on hand to buy two houses outright? That's a desirable situation to be in. Can you get a loan? Are you invested in anything else currently? I would suggest sprinkling some money in the market if you haven't already. Get some third party price opinions and then get a lawyer to facilitate the transaction for you. I can recommend one if you need it. As for how you finance the deal that's up to you. 

Hey @Rob Greynolds - It's not perfectly clear how you are looking to structure these deals.  Is the Chicago property an opportunity to add value/equity or is it already in good condition?  If you can fix it up, I am with @Paul De Luca get a loan and then BRRRR to leverage your cash the best way possible. Where is the property located....just curious?

Several questions around the house hack.....Assuming you are in Chicago how will a house hack in New Carolina work?  Are you moving?  What type of partnership would that be?  Who is signing on the loan & going on title?

@Rob Greynolds

Why not get a loan to purchase the property in Chicago and then you can reinvest the remainder of the funds in other projects?

The "best way" to purchase depends on a number of factors like your ability to get loan, how quickly you both want to close, and opportunity cost of doing a cash offer vs getting a mortgage.

Inflation is already here so if possible you should be securing as much long term, fixed rate debt as you can.