" — 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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
MORTGAGE SPREADS JUST INCREASED TO OFFSET LOWER TREASURIES
How
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Andreessen Horowitz launches fund to invest in nontraditional founders - Business Insider'Words by themselves are empty': Andreessen Horowitz is launching a new nonprofit fund to invest in founders that 'lack the typical background and resources' to get on Silicon Valley's fast track to success.
Source: BusinessInsider - 🏆 729. / 51 Read more »
The best cars to buy used in 2020, according to experts - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
How this 25-year-old started his own Uber-like barber business - InsiderHow this 25-year-old started his own Uber-like barber business Stop comparing good businesses to Uber that lose 8 billion dollars in 3 months.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Silicon Valley has its own long-standing systemic racial problem - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. LOL, virtue signalling. Do something real, hire more people in Atlanta versus spending tons to try to get minorities to move to evil expensive techie dork meccas that only people with rich parents can risk and afford to move to. LOTS OF NEGROES IN THE PHOTO. NO RACISM It's not inequality, Mr. Obama became president because he deserve that. If someone deserve the opportunity, you'll get it. A lot of people using this protest to get promotion without working hard or by earning it. They just want it for free!!
Source: BusinessInsider - 🏆 729. / 51 Read more »