All Forum Posts by: Dennis Wasilewski

Damn. That’s a shame.

Get an agent & do showings?

Are you owner occupying? The down payment and interest rate seem very low if an investment property. Also, why is the term 20 years? If it is occupied I would run the numbers based on existing rent/leases. Looks like a good property!

If it needs lots of work is $20k accurate? This seems tight if you are flipping it. Not sure there is room to wholesale it.

Welcome! I am out in the suburbs and buying long term rentals. Just getting into BRRR style deals to keep the acquisitions rolling. Let me know if you have any questions or want to chat. -Dennis

Appreciate all the feedback. I should have included more/better numbers or asked for feedback on the repair estimate, based on the videos. I wasn’t very clear on what I was looking for. Margins are kind of tight here for a true BRRRR deal. I’m comfortable being into this property for half or a quarter of buying at retail as I was otherwise shopping for stable rentals. Will keep a good log so I can report back. Thanks!

Appreciate the response. Apologies the post wasn’t clearly laid out. 

As to holding costs, I only expect to be rehabbing for 2-3 months, after which the rents will pay for it. 

Closing costs may be what I’m stuck with being into property for. 

After refi if I have a balance I can pay off my HELOC with cash. Just trying to be into the property for close to no money.

The HML will do it but require to be on title in 1st position.

This topic comes up a lot so I’d look at past threads. Short answer is it only helps you.

Apologies for the lack of formatting. I submitted from the iOS app & somehow it was stripped out.