All Forum Posts by: Clare Yuritch

I'm not sure the premium vs the basic version (I only have premium) but for any property, I can itemize the purchase price, current value, tag the associated mortgage, my assumption on appreciation, its rental income, all of its expenses (including taxes, yearly mainteance, capex, insurance, HOA, property management, depreciation and other), its estimated sale timing/and fees. Its pretty detailed. I am able to edit the assumptions on the Plan, by clicking the details of the property under "Real Assets". Not sure if its the same in the free version - good luck!

Yes, with a business checking account setup with the LLC - everything would go through there.

Btw we are not financial planners by trade, but work pretty adjacent to this space. Husband is finance major, worked in fintech with eMoney, I'm a finance operations advisor for recent PE backed, high growth businesses. We have a small but growing RE business with single family/duplex homes largely doing the BRRRR strategy.

My husband recently worked at eMoney and liked that tool a lot! We wanted to keep access to the software but I believe they only go through financial planners though, which are broader services we didn’t need. We find Projection Lab to be pretty comparable though, if you know how to work within the assumptions and sanity check the outputs, particularly on the tax end.

Yes, I'm using this!  I've tried a number of tools and while none are 'perfect', I feel that ProjectionLab has been the best of what I've seen.  It reasonably allows us to forecast the combination of traditional W2 earnings + a growing real estate portfolio and model out corresponding tax considerations.  I'm a CPA and husband a financial planner so we're pretty focused and knowledgeable on the financial analysis and planning side.  We would recommend!

Hey! I'm a relative newbie myself (3 doors), but live in the South Jersey area and have seen some properties that I thought would be great for house hacking in the area. We are doing BRRR with some heavy renno's, so some don't really meet the same criteria. Feel free to message me and I can send you a few that looked interesting!

We have a HELOC with PenFed which offers us an opportunity to fix the rate on any portion of the (or full) draw. We currently have a promotional rate of .99% until 8/15. Following that, our variable rate is Prime + 1.5% and if we want to fix the draw, would then be +.75% for a 20 year term (principal + interest payments). So right now, that is about 5.75% fixed, but by August could be closer to 6.5 - 7.25% based on planned increases in federal funds rate.

We are purchasing our second BRRR property in two weeks and between purchase + rehab are estimating about $200k. My husband will become a full time real estate professional with this purchase and leave his day-job. Our plan is to ramp this up and have about 2-3 ongoing at any time (possibly more depending on our ability to recycle and grow our funds).

So this is complicated! I'm trying to think through whether it would be good to fix these low rates and draw the full amount or substantial part of the balance, knowing the current interest rate environment and our intent to ramp up the BRRR activity.

I think our actual payments each month would be higher, and interest portion more significant. We'd be able to afford the higher payments so that isnt the biggest concern, and I think it would work that the principal elements would just go back into the HELOC as available funds. On the interest side, I'm asking my CPA as I'm not sure if the HELOC interest on the fixed rate (or variable - i'm not sure) is deductible.

Has anyone come across this? We like the access to funds for BRRR opportunities, but want to make sure we're not missing something on the fixed rate pros/cons!

Hello! We are relative newbies to investing with one duplex property acquired last year, but our initial investment was conidered successful and now we're looking to scale up! We do have savings to tap into, but also wanted to consider a HELOC to give us some flexibility for the future (my husband and I are both financial advisors - so we know the do's and don'ts on this topic! Even with a HELOC we have a comfortable debt-to-income ratio). We have an option through PenFed for a 30 year credit line at 90% LTV (about $275k) with either variable 4.75% or fixed 5.5%. I'm leaning towards the fixed - I appreciate the predictable nature better and with interst rates on the rise. At current rate differential, which I think will just narrow over time, at the maximum (unlikely) loan amout it would cost us a maximum of $2k extra / year. I dont think interest rates will be lower than they are now, so more likely the gap between the variable and fixed shrinks, and over the long term, variable could be higher than the fixed rate. Any thoughts on this?

We have a 32 year old boiler for a radiator heat system in the house. We found that the auto gill with backflow preventer piece was broken upon turning it in this year, so tank is not filling properly. The cost of installing an  expansion tank kit ( Expansion tank, auto fill with backflow preventer and air eliminator) is 1,100. The cost of replacing the boiler is 6,000. I know these things last forever but I’m not sure about replacing an expensive part on a 32 year old boiler. We just bought the place and expect to be long term buy-hold rental.

This unit is 4BR/2BA, the other unit not being remodeled is 2BR/2BA.  Perhaps I am squabbling over $1k on top of my $4k cabinet budget and should just do it and move on!