All Forum Posts by: Adam Snow

@Kenneth Garrett 

@Allan Smith

Thank you for your responses. I think I am probably making this harder then it should be. I just want to make sure I am doing the math right and adding in all the right variables. I want to buy our first property this year, but up to this point I was having a hard time with all the numbers (rent, ARV, expenses, etc.). I think I need to get connected with some people who are more informed about possible rents and ARV in the area I am looking. I want to pull the trigger on a house but I also want to make a good decision. Again thank you for your help

I am new to real estate investing and am trying to learn the BRRRR method. I have a question about running the numbers on a possible deal.

Purchase Price: 65,000

ARV: 150,000

Refinance amount (75%): 112,500

This may be way over thinking this but I just needed to clarify something. When I am running the numbers do I look at rent vs the refinanced amount. Like in this above example. If I believe the house could rent for around 900 a month, do I look at that at the 112,500 amount? 

Hopefully that makes since! I think I might be confusing myself right now.

Thank you all so much I am loving all the information for BPP

I am very new to BPP. So far it has been so helpful in getting us started. My wife and are trying to get started investing in real estate. We live in Birmingham Alabama but, we are looking to invest in rental houses in the Oxford/Anniston AL area. I was wondering if there is anyone that has any experience in this area.