Brrrr investing. Did 9 brrrrs last year. Questions?

Question

Have any questions?

Scott Henrikson · Answer

@Eric Mielke $250 cf ltv of 75%. 7 year arm and a couple of commercial loans am over 25 years.

Scott Henrikson · Answer

@Jaron Walling the appraisal is always the most unknown. I buy houses that have a very stable end value so that helps mitigate the risk of a low appraisal. I also get to walk the property with my appraisers which go a long way into helping with the value. My last one I provided my own comps to justify the value before he ever stepped foot into the property.

Kerry Baird · Answer

What financing did you use? Hard money? Portfolio? Private? This has been the most difficult piece for many.

Gil Segev · Answer

@Scott Henrik son wow! Great numbers!

Scott Henrikson · Answer

@Gil Segev average was around -5k meaning I actually got money back. This is skewed a bit by two really successful properties. Several were a straight wash with no money in. Holding costs on a couple made it a little more expensive then planned.

Eric Mielke · Answer

@Scott Henrikson Congrats! What's your average cash flow/month from each property and what's your LTV on the refi's?

Gil Segev · Answer

9 BRRRR! Impressive! What was your average cash left in the deal after refi?

Jaron Walling · Answer

Congrats on the success in 2019! What was your biggest obstacle when completing each property? The appraisal? The remodel? Screening for quality tenants?

Brrrr investing. Did 9 brrrrs last year. Questions?

8 Replies