All Forum Posts by: Ryan Daigle

@Jason D. Ah, right. Combining approaches to get more bang for the buck. I guess that's why this is the "Creative" part of the forums 😬

From what you've seen, hard money lenders are willing to loan to new investors? I was under the impression they wanted to see a body of work to know their money has a good shot of being returned.

@Jason D. @Mike Dymski Thanks for the reply.

I guess my initial dismissal of BRRR was due to the fact that with only $50K available, we're only talking about being able to fully fund a property with an ARV of around $75K. Even in investor friendly areas this seems like a C neighborhood at best?

Also, that ARV would probably be a non-starter in my area (Raleigh, NC).

Hello investors! I'm mapping out my real estate investment journey and would like to establish a repeatable way to grow my business (1-2 properties in the next 12 months, couple more the year after, etc...). It seems that the limiting factor to this type of accelerating growth is going to be my access to funds.

I currently have enough saved for maybe three properties with traditional 20% down, but then my personal liquidity would be exhausted. I would hate to finally feel like I'm getting a good system in place only to be blocked by a lack of funding 😭

So I guess my question comes down to: What path would you recommend I go down, and what steps should I be taking now, to ensure I can scale my rental real estate acquisitions? Given $50k in funds, what would you do to get the most mileage?

Traditional financing at 20% down will get exhausted pretty quickly. I don't have the ability to house-hack by living in an investment property for a short period of time so the 3% down options don't seem to be available to me. BRRRR seems like a good option - but with my low amount of up front capital it doesn't feel like I have enough to even get started there. What would you suggest I look into?

Thank you!

Just messaged you (and I'm a bit late now) but I'd be interested in something like this. Did you ever get it started @Jiri B.?

Happy Weekend, BPers!

I'm just now joining BP after months of reading, podcasting, and lurking. Real estate is something that I've always found appealing, but have never found "investable" until I started digging into the art of rental and long-term cash flow investing. Now I'm pretty excited by the possibilities – but am also aware of the struggle to get over the hump and go from a theoretical investor to an actual one.

I'm planning on going to the monthly real estate deal meetup in RTP soon, but am also interested in speaking directly with other early investors. It seems like having a group of peers is one of the best ways to get the confidence necessary to make that first deal. So if that's interesting to you, or you already have something like that going, I'd love to hear from you!

Specifically I'd love to know if any of you local to the Raleigh/Durham/Cary/Apex area are finding success in buy and hold rental properties. It seems the real estate appreciation in the area has taken that off the table for all but the best of deals?

Hope to hear from you!