All Forum Posts by: Casey Adams

Thank you very much! I will look into Memphis as well. I got a hefty HELOC but I gotta make sure the ARV works out. I don't like to hold debt for too long and want that thing Refi'd and gone (or as close as I can get) after the seasoning period.

Thank you both for your responses! I may start to peruse the Philly area. I was able to find solid cash flow in the Cleveland area, but it doesn't appear that properties up there tend to gain much equity. 

I'll continue to broaden my criteria and I really appreciate the time!

Hello,

I'm new to the BRRR game, am currently waiting for approval on all my HELOC paperwork, and researching various markets. When I look at potential rentals (just putting 20% down and renting it), there's seems to be the ability to cash flow from my calculations.

However, when looking at rehab properties to BRRR, .75%-.8% cash out refi's I'm seeing are turning my properties into negative cash flow monthly. Am I missing something or is ARV valuation going too high spiking deals because of the interest rates right now?

Thank you for anyone who responds. Looking to educate myself and learn.