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Updated almost 5 years ago on . Most recent reply

User Stats

33
Posts
25
Votes
Christopher Spear
  • Contractor
  • Cleveland, OH
25
Votes |
33
Posts

BRRRR Pro's, help me analyze this deal!

Christopher Spear
  • Contractor
  • Cleveland, OH
Posted

One thing in specific will probably jump out at you (I won't say what it is!) as being "out of whack". I also plan to self manage, then probably sell after two years to avoid capital gains. This property is 60 years old and in a nice neighborhood, located within 1/4 mile of two private schools and a university. It needs a "better" quality full cosmetic rehab, plus a little more work. Thanks in advance, everybody. Stay well!!

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

  • Christopher Spear
  • Most Popular Reply

    Account Closed
    1,263
    Votes |
    1,203
    Posts
    Account Closed
    Replied

    @Christopher Spear

    Never price yourself into managing the property unless you like having an additional part time (+) job. Doesn’t matter that you’re going to start off doing it, matters that you haven’t paid yourself even the going rate to do it. Is your time not valuable?

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