All Forum Posts by: Brennan Lytle

@Art G. thanks so much!! 

thanks for the reply! @Art G. 

My question was not written so well maybe. I meant is there's a certain percentage of ARV that is generally paid for things like property Tax, insurance, realator fees... All the other expenses besides the renovation costs. I'm trying to break the 70% rule down a little bit

Hello! I was wondering if there is a rule of thumb for a percentage of ARV that goes into fixed costs. Thanks

Plans have changed a bit and I should be home in time for this meeting! Excited to meet all of you!

@Eugene Beard haha thank you! It makes sense that different markets would call for different cash flow. I enjoyed  reading your post and got out of it what I wanted to hear! Thanks for the info and encouragement:) 

@Joe Fairless awesome, thanks for the reply! That seems to be the trend. 

Hello! I have a pretty vague question to ask. What is the minimum cash flow you would project in a rental and still  procede with the deal? Is it a fixed rate or proprtionate to the cash you have in the deal? just looking for ball-parks here. Thanks in advance!! :)

shoot I won't be back in time for the meeting! I will have to catch the next one

@Jeremy Pace makes sense, thanks again!! 

@Jeremy Pace @Walter Key @Jeff Bridges @Steve Smith  

Thanks to all of you for replying and helping me out!! That all really makes sense and I will go read that article soon. If I come to a situation when there are no/limited comps in the area is it safe to say that maybe the market isn't doing so well and it wouldn't be a good time to buy??