EPISODE · Apr 11, 2024 · 42 MIN
How to Challenge an Appraisal for a BRRRR on 1st Section 8 Deal - RJ Sarabi & Chris Dou
from Affordable Housing & Real Estate Investing
Dive into the unfiltered realities of real estate investing with RJ (@rj.sarabi) and Chris (@itschrisdou) as they open up about their first Section 8 deal and share raw lessons from it. From an 'under-appraised property' using the BRRRR strategy to their first 'failed' Section 8 Inspection, you're going to learn TONS from these gentlemen!Join RJ and Chris for an honest discussion about their first real estate deal journey: • Discover how they navigated unexpected challenges, budget overruns, and missed deadlines.• Understand the importance of managing expectations for success• How to complete a Section 8 cash-out refinance📢Whether you have questions, suggestions, or stories - leave your comment below so we can incorporate it into our future guest interviews!Comment or DM me the word 'Affordable' to @investwithkenthe on IG and I'll send you an invite to join our free FB community of Affordable Housing Real Estate Investors!DISCLAIMER - ALL INFORMATION & DETAILS SHARED ARE MEANT TO BE FOR ENTERTAINMENT PURPOSES ONLY. THIS IS NOT LEGAL, FINANCIAL, INSURANCE, OR INVESTMENT ADVICE. THIS IS NOT A SOLICITATION FOR ANY INVESTMENTS AND SHOULD NOT BE CONSTRUED AS SUCH IN ANY FORM. All investments have risks. This is not an offer to purchase securities. Please consult with your own financial advisors, attorneys, or insurance representatives before making any decisions.#RealEstateInvesting #PropertyInvestment #LessonsLearned #affordablehousing #section8 #realestate 00:00 Sample Highlights02:25 Intro06:06 How Did RJ and Chris Structure Their Partnership?09:41 How do you select trustworthy mentors?11:33 How To Analyze Properties and Determine Your Offer?14:52 Section 8 Property Rehab: From Estimate to Final Investment16:22 How long does a Section 8 Rehab take for simple renovations + HVAC install?17:00 How Did Inspection Challenges Impact Tenant Move-In Timing?23:46 Section 8 Real World Case Study: Expense Breakdown and Cash Flow34:04 What Can We Learn from RJ and Chris' First Property Deal?37:58 Why is Affordable Housing so hard to solve for? (RJ)39:32 Why is Affordable Housing so hard to solve for? (Chris)40:13 How/Where to contact RJ and Chris?
What this episode covers
Dive into the unfiltered realities of real estate investing with RJ (@rj.sarabi) and Chris (@itschrisdou) as they open up about their first Section 8 deal and share raw lessons from it. From an 'under-appraised property' using the BRRRR strategy to their first 'failed' Section 8 Inspection, you're going to learn TONS from these gentlemen!Join RJ and Chris for an honest discussion about their first real estate deal journey: • Discover how they navigated unexpected challenges, budget overruns, and missed deadlines.• Understand the importance of managing expectations for success• How to complete a Section 8 cash-out refinance📢Whether you have questions, suggestions, or stories - leave your comment below so we can incorporate it into our future guest interviews!Comment or DM me the word 'Affordable' to @investwithkenthe on IG and I'll send you an invite to join our free FB community of Affordable Housing Real Estate Investors!DISCLAIMER - ALL INFORMATION & DETAILS SHARED ARE MEANT TO BE FOR ENTERTAINMENT PURPOSES ONLY. THIS IS NOT LEGAL, FINANCIAL, INSURANCE, OR INVESTMENT ADVICE. THIS IS NOT A SOLICITATION FOR ANY INVESTMENTS AND SHOULD NOT BE CONSTRUED AS SUCH IN ANY FORM. All investments have risks. This is not an offer to purchase securities. Please consult with your own financial advisors, attorneys, or insurance representatives before making any decisions.#RealEstateInvesting #PropertyInvestment #LessonsLearned #affordablehousing #section8 #realestate 00:00 Sample Highlights02:25 Intro06:06 How Did RJ and Chris Structure Their Partnership?09:41 How do you select trustworthy mentors?11:33 How To Analyze Properties and Determine Your Offer?14:52 Section 8 Property Rehab: From Estimate to Final Investment16:22 How long does a Section 8 Rehab take for simple renovations + HVAC install?17:00 How Did Inspection Challenges Impact Tenant Move-In Timing?23:46 Section 8 Real World Case Study: Expense Breakdown and Cash Flow34:04 What Can We Learn from RJ and Chris' First Property Deal?37:58 Why is Affordable Housing so hard to solve for? (RJ)39:32 Why is Affordable Housing so hard to solve for? (Chris)40:13 How/Where to contact RJ and Chris?
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How to Challenge an Appraisal for a BRRRR on 1st Section 8 Deal - RJ Sarabi & Chris Dou
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