All Forum Posts by: Angela Tod

******** Posting as Amanda Sugay Alexander, using my partner's account ********

This review is for Soli Cayetano and the Private Money Playbook course. This is hands down one of the best investments I've made in my own education (for contrast: my BS and doctorate cost me $250K, and for RE, apart from books, I recently spent $18K on a syndication coach and $5K on multifamily strategy with Christian & Cody) -- and her course was a fraction of these costs at only $2.5K (Soli: you should up your prices, you are worth it)!

The ROI / punchline: I've already 100x'ed this investment, i.e. it's paid itself back 100x over

She did not ask for this review, but I had such a positive experience that I had to make the time to write it. I am blown away that she is in her 20s, not that age should matter, but she is brilliant beyond her years, and humble.

Her intentionality was evident, not only in scaling her own portfolio, but organizing the process to make it doable by anyone else willing to learn and put in the work. And it's not just content, she keeps you accountable to take action (right-sized each week so it's not overwhelming), and to network with your peers in the program, as well as your circles outside of the program to establish yourself as an investor with integrity to attract quality private money lenders.

Key highlights:

• * 6 weeks with 1 class per week, and some bonus classes - every minute of each class has been worth my time
• * engaged community members via Circle, many I know I'll stay in touch with
• * purposefully small group, allowing Soli to provide dedicated attention
• * having access to Soli - she reviews all posts and homework assignments with great care, and her feedback is SO valuable
• tools to CASE (Copy And Steal Everything) and systems to scale - ex. pitch deck, email templates, BRRRR analysis, and so much more
  * practicing your pitch at the end!

Effectively, you get 6 years of experience through 6 weeks of this course, saving precious time and boosting success sooner.

I already have about $300K soft-committed through just a few contacts I've been able to do my pitch for. I'm confident I'd have even more if I hadn't been out of the country during these 6 weeks with my toddler and infant. But now I have everything I need to keep growing.

THANK YOU SOLI. You're incredible!

To anyone reading: sign up when this course comes available -- it's really a no brainer. Best money you'll spend, high ROI - no doubt about it!!

Does anyone have landlord attorney they recommend in the bay area? Thanks,

Hi all,

When analyzing our deals, we've been leveraging publicly reported property taxes, which often are a fraction of a percent (e.g. 0.70%) of the purchase price - in this example, on a $100K home, the annual tax would be $700 so divide that by 12 months = $58.33 per month

One of the lenders we are considering working with says that out-of-state investors pay 2% of the purchase price in property tax, which significantly skews our cash flow into the negative.

In this example: 2% of $100K = $2,000 annual property tax for OOS investor, divide by 12 months = $166.67 per month, over a hundred bucks more than what I'd been anchoring to...

I tried googling whether this was the rule, and even searching the BP Forums, without finding anything that confirms this.

Which number should I be using?

Thanks in advance for the guidance!

Thank you, @Conner Olsen! In the Rent/Price ratio calculation, does this mean I want my rent to be 0.55% of the ARV $200,000 so rent should be $1,100?

My challenge with this, if we use MortgageCalculator.org to sort out the monthly payment once we refinance to pull our money back out, it yields a monthly payment of $1,262.23 -- so this means negative cash flow, especially once we start accounting for Taxes, Property Management, Reserves (CapEx, Maintenance, Vacancy), etc

Hello BPers, long time reader, first time post-er :)

We are trying to refine our analysis and are getting a little confused.

Example:

Purchase Price $80,000

Rehab $40,000 (not seeing bids this low in reality...)

ARV $200,000

Refi 70% LTV = $140,000 pulled out

Assume 6% Closing Costs on the Refi (does this apply to the 140K Loan amount or the 200K property value?)

Assuming this applies to loan amount, closing costs = $8,400

140,000 loan amount - 8,400 closing costs = $131,600 pulled out

Pay back self: 131,600 - 80,000 - 40,000 = $11,600 "extra" to invest

^^^ Open to any/all feedback on the above

I know the 1% rule should be used simply as a quick way to filter whether a property is worth analyzing

In this example, we would want it to apply to the ARV, right? So we'd want to make sure it can rent for $2,000...

I can't see how it could apply to purchase price because that would mean only $800

Thank you in advance for your help!

 super helpful. thank you for outlining this!