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Updated almost 5 years ago,

User Stats

60
Posts
19
Votes
Peter Korty
Pro Member
19
Votes |
60
Posts

[Calc Review] Help me analyze this deal

Peter Korty
Pro Member
Posted

View report

*This link comes directly from our calculators, based on information input by the member who posted.

Hi BP Community,

I have a deal that I would appreciate help with analyzing. I think it will work pretty well as a BRRRR, but I'm not really sure that it makes good sense.

Some starter information you may want to know, this particular property is one that I submitted an offer on well before I even knew about BP. They rejected my offer with no counter offer saying that they would probably tear it down and build a garage in its place. I'm mostly just practicing right now since I'm still really green to all of this, so feel free to pick it apart. :) 

What should the numbers look like in the rehab period and the initial rental period? If my number is 12% cash on cash, should I be working the deal until it's 12% in the rehab period, initial rental period, and the refinance period?

The cash flow is pretty low too. Ideally I'd like get closer to $200/month of cash flow, but in my area, $600-650/month of rent is about the maximum I can get. I'd appreciate any suggestions on how to improve that if you have any.

I wonder too if it would be prudent of me to analyze it through the flipping calculator too? Brandon talks a lot about how important it is to always have multiple exit strategies in the podcasts. On the other hand, with COVID-19 I could be stuck with it for longer than I could afford.

Anyway, thanks for the help,

Pete

  • Peter Korty
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