All Forum Posts by: Andrew Laurence

@Chris McCormack, I was thinking the same thing- he seems like the go to guy for this.

I'm working with a partner on finding a deal specifically that works from a cost-seg standpoint. Is there a good template you use to estimate the bonus depreciation of a property before you purchase? I know the type of property greatly changes the outlook, but I haven't found a good template yet.

Thanks for the response.

I agree usually you get 2 out of 3 for the builders, but I've been able to vet his work and speak with previous clients.

My main concern is that cash would be left in. I wouldn't be able to BRRR, but it would cashflow nicely.

Thanks again!

I'm tired of getting robbed by inflation! I have a big chunk of cash saved that I need to put to use, but I'm having trouble determining the value of a new build vs a more traditional deal just buying a rental and rehabbing.

I've been presented with an opportunity from a builder to build a new duplex in an area which can be used as short-term or long-term rentals in Knoxville, TN.

The builder is a rare combination of fast, cheap, AND quality, and has written a "cost-not-to-exceed" clause into the building, so it's an extremely competitive build cost (details below).

The deal would cash flow very nicely, but it would force me to leave a chunk of cash into the property.

Here are the numbers:

duplex: each unit 2:2, 900 sq ft

Total cost of land, 1.2 acres (This is already leveled, excavated, and prepped for building): $80k

Maximum build cost: $252k

Total cost: $332k

Cash in: $67,000

ARV: $350k

Approx cash flow: $800-1,100

So, again, how does this compare to a typical buy/rehab? One thing to keep in mind is that I'm a Physician Assistant student and work and do not have the time or desire to manage a rehab right now.

Good day BP community. Newcomer hear, and not totally sure how this works but here goes.

My fiance and I just bought our first house in Koxville, TN. We used a conventional loan despite my military status, cause we aren't married yet and she had better credit. 

Most banks I talk too, including the one we financed through for our home don't understand or specialize in VA loans and I'd love to find one that I can trust to help me maximize this benefit, including potentially doing a cash-out conventional to VA to pay for some renos and repairs.

Is there anyone out here who has a recommendation?

Thank you, blessings!