Tampa 3/1 BRRRR Deal Please Help me analyze this deal

[Coty Dolan]

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[Jaysen Medhurst]

@Coty Dolan, based on your numbers I think this would be a better flip than BRRRR. The rent-to-price is just too far out of whack. A few things about your analysis to consider:

• HML is going to be very hard to come by right now. Think about some other financing options.
• Why do yo think you'll be able to do this no money down? Even HML typically requires at least 15% of purchase price.
• Depending on how extensive the renovation is, your Repairs and CapEx might be low. I underwrite 15% combined. That may be lower after a big reno, but over time it will all even out.
• 3.75% on your refi might be a bit optimistic. I'm seeing rates in the 4s for investment properties.
• If you're more than tripling the FMV of the property, you should expect taxes to go up as well.