All Forum Posts by: Dan Turkel

It certainly with all of the new commercial RE being built towards the northern part of the island

Congratulations!! As a newbie investor, this was inspiring to read. Thanks for sharing the experience! Where do things stand in terms of getting the other half of the duplex rented out?

Credit allowance (aka credit loss) is the potential rental income that is lost due to nonpayment of rent by tenants. Thanks, Dan!

We must always account for Vacancy and Credit Loss. I understand vacancy but don't full understand what "credit loss actually entails."

Here is a video that explains even more: https://www.youtube.com/watch?v=QOd2Tc3BcEk

Hey everyone, I recently came across a spreadsheet called the Cashflow Cruncher. It seems to be a part of a larger company called VIP Financial Education. They speak about using "Debt Weapons" to cut down on the amount of time it takes to pay off your mortgage. I'm trying to figure out if their techniques are legit or not which is why I'm making this post.

Here is a video (which starts 45 min in) explaining how they use the "Cashflow Cruncher" to cut down on the time needed to pay off loans: https://www.youtube.com/watch?v=OvSrBXm7fOY#t=45m0...

What are your thoughts on this technique? 

William Collins Very nicely done! What would you say has been the most challenging part of the BRRRR strategy for you?

@David Blue

It's pretty hot right now as far as I know but properties in NYC are just so damn expensive so it's prevented me from really getting started. That's why I've been looking into creative financing opportunities. 

David B. Interesting, that's roughly what I thought it would be. I'm a new investor just getting started in Staten Island and would be happy to collaborate with you if you have any ideas.

Hi David, I've been considering getting a license myself. How much money and time all together would you say you spent on it? Looking back at it, would you say it was worthwhile despite not having used it much?