After a year or so, you could then qualify for another FHA or conventional loan on your next property while keeping the first one as a long-term investment.If you are thinking about using the BRRRR method for your first deal, I would be cautious about taking on a property that needs too much work or has a lot of deferred maintenance.

It can be tough for many and take a lot of time hunting down that next deal for a consistent flow of business.

I still use the BP calculator for initial underwriting even on +$5M deals and that’s what I send to the bank along with my purchase and sale agreement to get term sheets going. 

Are you looking for a 100% seller financed deal?

Worst experience dealing with these people! 

Quote from @Chris Hampton: I closed on my first deal last week and am very excited to see how it all unfolds. 

Whether you’re looking for off-market deals, contractors, or other investment opportunities, I’d be happy to help connect you with the right people.Looking forward to seeing your journey unfold—feel free to reach out anytime!

I talk with a lot of flippers in this market and with the scarcity of good deals may are looking at new construction. 

Instead of waiting years to save, you can use a short-term strategy to generate cash flow quickly and reinvest those profits into long-term wealth-building deals.

If you know what a property is worth when fully renovated, you'll have a good idea of whether the deal will make sense for an investor.