" — started his scooping up his first properties, his main source of income came from a career in accounting.." "I couldn't stand the sitting-in-a-cubicle thing."
But that initial journey into real-estate investing was relatively short lived. After a few successful deals, he divested his properties to hike 1,100 miles of the Appalachian trail. When Smelser's epic hike from Georgia to Pennsylvania was complete, he found himself getting the real-estate itch again — and he set his sights on a two-family fixer-upper. It was primed for a so-called house hack.
Fast forward to today, and Smelser has divested his multifamily house-hack and rolled that cash into other real-estate investing ventures. In total, he's scooped up a little under $4 million of deals in less than 12 months time. A creative strategyFor the uninitiated, BRRRR stands for Traditionally, investors employing the BRRRR strategy acquire the initial loan to purchase a property from a conventional lender, and fund the down payment themselves.
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MORTGAGE SPREADS JUST INCREASED TO OFFSET LOWER TREASURIES
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