All Forum Posts by: Alex P.

That capital used for rehab will be recouped in the refinance part. I don't think you are fully comprehending the BRRR method, yes it's more capital upfront but your are pulling it back out. For example my last purchase was 72k, after rehab I was in 100k, appraised for 170k. Pull out 120k, so I have my capital back plus some and cash flow a couple hundred a month. If I bought it turn key for 170k I would be out 34k+ with no chance for recoup in the near future. You mentioned you didn't want to use equity as purchasing power though so maybe it's not a good method for you, nothing wrong with that.

Hi Alec, I don't think there's a better or best way. Sounds like you would be better off going the turn key route. My portfolio are all buy and hold rehab "rat holes". In my opinion you can make exponentially more on rehabs than turn key, think of all the work being outsourced and everyone taking a silver. Two different strategies though, not one is right or wrong.

I think it also depends on your scope of work. If you're just doing a cosmetic rehab I would use subs. If you're doing a full gut rehab I would be more inclined to hire a GC.

In the past when I've won I have needed to provide earnest money and proof of funds within 24 hours of signing the purchase agreement. I would recommend getting you financials in a row before you submit a bid.

In the past when I've won I have needed to provide earnest money and proof of funds within 24 hours of signing the purchase agreement. I would recommend getting you financials in a row before you submit a bid.

I'm the kind of lousy electrician that doesn't give definitive answers with assumptions and disregard to state and local jurisdictions. Appreciate you showing me the calculation I referenced. 

30.

@Sant Li The fact you said assuming 4 times in your post is why I told him to have his electrician do it.

If you want to look it up its article 220 in the NEC.

You need to have your electrician do a load demand calculation on the apartments to see if your service is adequate. No one on here is going to be able to give you accurate information without a lot more info. It's not as simple as just adding up appliances.