All Forum Posts by: Adrian Fajardo

Hello everyone, I'm a soldier in the US army but have big ambitions and don't plan on waiting to get out of the army to start. This is my first lead and a promising one. Here are the numbers.

- I am planning on using the BRRRR strategy on this one

- Duplex w/ 2 bed and 1 bath 

- Seller price $124,000. After calculations my offer = $90,000.

- needs $20,000 (rough estimate)

- both units would rent about $1,100

- ARV $200,000 (rough estimate, based on similar properties around it)

I guess my biggest concerns are the repair costs and ARV. I've never done any construction work, although I know this is an easy fix coz I could just ask a contractor to give me an estimate and also with the ARV, I could just bring in an appraiser however just with the estimate I put up, would this be a sound deal?

oh, based on BRRRR calculator, on Initial Rental Period my Cash on Cash would be 289.36% and on Refinance it would be 213.70%

@Kenneth Noronha thanks to you and thanks to @Kenneth Garrett I understand now. I've been searching for the definition myself for a while.

@Luke Elliott Schneider hey Luke, I know my advice won't give you a really good answer but just a stepping stone but I just wanted to help anyway. You can use BP calculator, it's really helpful. Plug in all the numbers and see if you like it and it works for you. I think you can use it 5 times as a free member. Hope it helps and Good luck to you!