All Forum Posts by: Caleb Christopher

@Michael Magnell

From what I understand about WyCo, it can, but it looks like KCMO cash flows better...

WyCo supports flip and forced equity deals relatively well, tho. But the county is so large, it's hard to pin anything down. Police and fire all live out West (Piper) because it's nice there, and homes are $300k+. They're required to live in the county for their jobs, but they're on the fringe where it's cleaner and safer...

@Ty Robert Horveath Jr.

DM inbound

At $0.50/sqft, I've used peel-and-stick vinyl planks in small areas. REALLY helps update a bathroom, or other small, already-tiled areas.

It's thin, and you only have to have a smooth, clean surface for it to cling to. I use mastic (tile adhesive) to float tile grout lines or unevenness and just use the peel-and-stick over top of that once it's flat, dry, and clean.

Do you have specific cash flow goals? Will you be using the BP calculators (or alternative) to determine "pure" cash flow so you find a deal that really works. I see you're after reliable tenants, so I'm not going to argue about the area you're targeting, but make sure you can still handle a bad tenant. If your success hinges upon only having/finding great tenants, you may be in for a rough ride.

I ask because my existing rental house actually only brings me $150 "pure cash flow" after I ran it through the BP calcs. It felt like way more, but I wasn't previously saving appropriately for maintenance and capital expenses. $1,600 in rent (ie: risk if a tenant is not in) for $150 in cash flow is not ideal, now that I've got a clear picture of what's actually going on! But it's where I am and I'm OK for now, but future deals will have higher requirements.

I'm just analyzing a BRRRR deal now that may bring $190+ in pure cash flow on a house with rent payments under $800! That's way less risky for me in the case of vacancy. Better return vs risk. compared to the larger more expensive property.

@Brendon Pishny

Send me a connection request. I'm all tapped out on old accounts.

@Blake Kottwitz

Hey I'm still unclear, lol. You're looking to get work for yourself? Or you're offering a job?

I'm not clear on this: Is this a job opportunity or a request for an applicant to work for you?

Title tells me you want a job. Details tell me you're posting a job...

Lol, I'm referring to loan processing fees. I think this response comes down to "fee" vs "interest."

Also, I am aware at the bottom of the Marketplace listing there is a "Start a new report" button for the Rental Prop Calc, but it doesn't import any data, which is the main point of my suggestion here.

This is just a suggestion because it occurred to me as I was using the site/tools: We should be able to analyze deals straight from the marketplace listing.

"Problem": I'm looking at a BP Marketplace listing (several) and about to run the numbers, but I have to open multiple windows, then copy-paste everything and download the pics and all to the BP Calculators.
^Note: I'm not complaining. This is not actually a problem.

Suggested solution: Add a button to "ANALYZE THIS DEAL" on all BP Marketplace listings, then have as much data as is available automatically port straight to the calculator so we can hit the ground running.

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This would be a great way to promote the use of both the Marketplace and the Calculators!

Cheers.