All Forum Posts by: Dennis Gallagher

I'm using the BRRR calculator to analyze a few opportunities. It's pretty good but I do have a few questions around the metrics:

1. Can someone explain the variables that are used to calc the Income-Expense Ratio. More specifically, which expense variables are used in the  ratio?  When I divide my Monthly Income by the Pre-refinance expense and Post-refinance expense, I'm getting a different ratio than what the calculator is saying.  

Also, for the experienced BRRRR folks out there, are you holding true to the 50% Rule on Cash Flow on each project? It's all about how much equity you want to keep in the house based on the Refi in order to maintain the 50% rule.

Thanks much.  A clear newbie.  

Good morning BP community. I find myself lucky that I came across the BiggerPockets podcast a few days ago and now stumbled across this community. I've owned a Payroll/HR/HCM company for the last 15 years and am now looking to transition my time and resources to help my son with his new Wholesaling and Real Estate Investment company. We are just getting going..and my only experience is with buying my current and past primary residences! So we are "newbies" to say the least. We're looking at a strategy focused on BRRRR (looking at good markets in SE US like Birmingham, AL), and large land wholesaling. Also trying to find the best strategy for cash-on-cash return (reoccurring) but struggling a bit here. I have resources to invest so the focus in on Cash Flow and large returns (hence large land wholesaling) Any suggested strategies for this is appreciated!