All Forum Posts by: Min Zhang

Nice! Congrats on gearing up for your first BRRRR, Tyre! My best advice is to take your time building a solid team before you jump in. Having a reliable contractor, property manager, and lender makes or breaks the process. Start small, run conservative numbers, and expect delays or surprises during the rehab since it's part of the learning curve. Happy to keep the conversation going!

Hey Aj! That’s a good mindset to have! Starting out of state can absolutely work if you’ve done your homework and built some level of trust with your team there. The key is treating it like a business, which means running the numbers conservatively and making sure you have reliable boots on the ground. The distance won’t matter as much once your systems are set up. How are you planning to manage the property from afar? Happy to keep the conversation going!

Congrats on the new purchase, Marco! I’ve seen a lot of investors in your situation weigh two paths: refinance and pull cash out to scale into a multifamily, or hold it free and clear for steady cash flow.

If your goal is long term “passive” income, I’d lean toward keeping it and using a cash out refi to fund your next deal in that way your capital keeps working without losing the asset. But if you want to scale faster or simplify, selling and rolling into a multifamily could make sense too.

What’s your ideal monthly cash flow or timeline for the next purchase? That might help narrow the best move here.

That’s awesome, Troy! sounds like you’re thinking through this the right way. Each of those strategies has its pros depending on your goals and risk tolerance. Personally, I started by house hacking a small multi-family before expanding into long-term rentals and it gave me a great foundation to learn property management while building equity. Happy to keep the conversation going!

Thanks for being here! I feel the same way, Ted! this community has so much good info and real experiences to learn from. Looking forward to growing together and seeing what you pick up from others along the way. What part of real estate are you most interested in learning about right now?

Hey Kami! That’s awesome that you’re diving in early! Real estate can go in so many directions like buying land, rentals, flips, or development so it helps to narrow down what fits your goals first. Are you aiming more for long term cash flow, appreciation, or building from the ground up? Knowing that will shape your next step. Happy to keep the conversation going!

That's awesome Rick! thank you for sharing your story, and also for your years of service. Sounds like you've already got a strong foundation with your background in lending and real estate, plus all the reading you've been doing. The BRRRR method can be powerful, especially for long-distance investing, but it definitely comes with a learning curve since you're managing renovations and refinancing from afar. One thing I've found helpful is building a solid core 4 team (agent, lender, property manager, and contractor) before jumping into a deal in that way you can lean on them to keep things moving smoothly. Have you thought about whether you'd want to start with a lighter rehab or go straight into a full BRRRR? Happy to keep the conversation going!

That sounds like an awesome trip, Jesse! Having a construction background is such a big advantage when looking at smaller multifamily rehabs because you’ll spot things others might miss and probably save a ton on the renovation side. Meeting local investors while you’re in town is a great idea too; nothing beats hearing first hand what’s working and not working in a market.

Just curious, are you hoping to hold onto these properties long-term for cash flow, or are you more interested in rehabbing and recycling capital through something like a BRRRR?

Hey Yvette, welcome! I think a lot of people here can relate to your situation which is having a property that needs work while also thinking about the next purchase. A good starting point might be to map out your goals: do you want that inherited home to become a rental, a flip, or just a sale after renovation? Each path affects how much money and time you’ll put into it. For your new purchase, think about whether it’ll be mainly for you to live in or if you’re hoping it’ll double as an investment down the line. Sometimes it helps to start small, focus on one project, then use what you learn to build from there. Do you see yourself leaning more toward renting out properties long term, or are you more interested in flipping? Happy to keep the conversation going!

That's a great question, Karan. For 2–4 unit properties, most lenders treat them as residential multifamily, which usually means 20–25% down if you're not going to live in one of the units. Getting 10% down is tough unless it's structured as an owner-occupied loan (like FHA or conventional with PMI), but since you mentioned you won't be living there, it's likely not an option.

For your budget, you’ll want to focus on areas where smaller multis still trade under that cap. It can be competitive, but they’re out there. One approach is to stay flexible which sometimes single families or duplexes can give you similar returns with lower entry costs than a triplex or fourplex. Happy to keep the conversation going!