All Forum Posts by: Jon Passow

I'm gearing up to get all my financials documented so I can start the process of finding lenders. When it comes to what debt is held, do I only list debt in my name (which would be the house mortgage that's in both my wife and I's name) and my own income, or do I list the debt that is in my wife's name as well (she has a student loan, and the credit cards are in her name) and her income?

 Great advice, Chis. Thanks!!!

 Thanks, Heroud!

 Hi Brian and thanks for the quick reply!!!

 Hi Jon! Right back at you on the spelling ;) Us Jons gotta stick together. Thanks for the response and I'll for sure check out the link you provided!

Looking to have BRRRR as my main investment strategy and I've got a question about the renovation portion. Since I'll be investing out of state, I'm looking to purchase multi-family homes that need a major facelift (basically taking it down to the frame, new drywall, paint, windows, roof, cabinets, fixtures, plumbing, wiring, etc). When it comes to the renovation, do you hire each individual job out (ie: find a plumber, hire an electrician, etc etc) or hire a company that has all of these qualified employees that'll come in and do it all.

Looking to turn around and have a place completely renovated in 4-6 weeks and ready to rent. If it's hiring a company to do all of it, what would that be called? A Construction Company? A Remodeling Company?

Hi all! I love love love the Real Estate Investment Calculators here on Bigger Pockets and they do everything I want them to do, but as a start up, I have an issue with what the monthly bill would be for using them. Is there a program that does the same thing/or similar to Bigger Pockets' BRRRR and Rental Property calculators that can be purchased and owned for a one time fee?

 Thanks, Matthew!!

Hi Nic and thanks for responding. That addressed some of my questions! So, going forth (according to the post) I should look for the ugly duckling house that needs cosmetic renovations (painting the outside, new floors, new windows, etc) to bring it up to the standard of what other properties are around it.

Still need to find out where you would get your numbers from for each type of renovation. 

Ohhh this is exciting! My first question on the forums (be gentle)! So I searched but didn't come up with an answer so I'm sorry if this has been addressed already. I'm looking to use BRRRR as my investment strategy and I'm a little lost when it comes to where you would get your numbers from for what and how much to renovate. I know every property will most likely need different things done to it, but are there general things that you should always do to a property to raise it's value? Is there a good list of general costs involved for different fixes (ie: new roof, new siding, paint jobs, kitchen remodel, etc etc)?

The reason I'm asking is because I'm a little lost about how to factor all this in when analyzing a property. I'm sure this will all become easier with time and practice.