All Forum Posts by: Steven Barr

When putting offers in on BRRRR properties, do y'all have your contractors give you a bid on the job before putting an offer in? Or do you estimate yourself and then renegotiate price during due diligence once your contractors has actually seen the property and has a much better idea of the price to rehab?

Thanks for the input! 

@Ron Brady incredibly helpful response. Thank you!

Are y’all looking for houses that are vacant (and basically unlivable)? Or houses that are currently occupied but could use some work? Or both?

If occupied… are you buying tenants out of their leases? I imagine hard money becomes very expensive if you have to ride a tenant out 

Thanks for the input!

Hey guys! I'm new to BRRRR investing and just curious if anyone is purchasing deals for 70-75% ARV including rehab in this market?

I understand it is different in every market. Just trying to get a general idea so I can manage my expectations as I lean into this

Thanks so much!

Hey guys!

Are there such thing as hard money lenders that will cover 100% of purchase and 100% of rehab?

Most of everything I’m seeing is 90% of purchase and 100% of rehab. Just curious. Thanks! 

Just starting out here in the BRRRR method and could use some help from the experts

Where should I go to find lenders that will allow for refinancing immediatley once the property is rehabbed and rented out? Not looking to wait 6 months for "seasoning" period

Just starting out here and looking for veteran investor input... Trying to be forward thinking on this strategy

We are considering BRRRRing our way into a $10-20 million portfolio of 2-4 plex properties over the next few years. Maybe that's somewhere between 25 and 50 houses. 

From there, we would like to sell the entire portfolio so we could perform a 1031 exchange and consolidate into an apartment complex. We will then stay in the apartment space. Or at least that is the plan for now... 

Is it going to be possible to sell a portfolio of that size to an individual if the properties are spread out across an entire state? Would a hedge fund purchase? What if all the properties are in LLCs? 

Is there a minimum portfolio value to sell your 2-4 units to a hedge fund?

Also, what if all your properties are in LLCs?

Does it matter how spread out your properties are?

Thanks!!

Looking for quality property management companies that work around a 50ish mile radius from Atlanta. Any recommendations on which companies I should be interviewing?

Thanks!

Question for the veterans.... 

If you are looking to develop and then sell a portfolio of small rental properties, say 2-4 unit houses, does it all need to be bought in the same area?

Trying to keep an exit strategy in mind. Will it matter if the 20 properties are spread out across the entire state? Or does it all need to be within a 50 mile radius?