All Forum Posts by: David Bell

Patrick Faherty yep I used mine up quick but I invested the $29 for the month so I can use it to full potential. Hopefully next month I can move up to an annual payment to save money.

Nirmal Khanderia yes I have used it. I am interested to see the output of other members' BRRRR deals. Basically I'm trying to understand how to leverage and scale with little of my own money because, well, I have little money currently to invest.

Hi all. I'm new to Real Estate Investing and I was wondering if any of you are will to share a BRRRR calculator analysis for one of your successful buy and hold deals. You can PM me. I'm anxious to get started but figuring out the financing is a bit discouraging. Thanks! Dave

Am I safe to assume "turnkey" is purchasing a property that is already rehabbed? Does BRRRR work if you are getting an off market property from a wholesaler and then having the rehab done? Prior to purchase and rehab, is there a way to estimate what the value of a property will be after it is rehabbed and tenanted to ensure there will be built in equity?

James Lusk lol good point. Basically pulling the $ back out to do another one.

Kerry Baird If I purchase and rehab with all cash, I can't refi and pull out 70-75% of appraised value once it is finished and tenanted?

Dave Holland Brandon Hall thank you guys for the info! I'm just starting out so I'm trying to learn best practices. Thanks again.

If I put $20k into rehab is that entire amount deductible? Also, will it, along with depreciation, offset penalty for cashing out 401k? My 401k wasn't a lot so my 10% penalty is only a few thousand. Thanks

Armor plating is extremely expensive. A typical $30k car that is armored costs $300k. I can't even imagine what it cost to plate a house. Also, keep in mind there are different levels of armor. Rifle rounds can penetrate most levels.

Jay Hinrichs I understand they're in business to make a profit but 4 points up front, 13% interest only then refi at the cost of $3500 on such a small amount borrowed doesn't add up to me.