All Forum Posts by: Sivan Aviv

Thanks a lot @Jon Reed !

Hi All ,

The brrrr strategy was not easy for me to catch in the beginning because of the refinancing principle that i was not familiar with before.

Now when i get it , it is simply magical :-). I would like to present some example and i would be happy if can share you opinion for the 

questions related to it.

Example :

Apartment price : 100K

Loan : 70K (446 USD Monthly Return)

Cash money : 30K

Renovation costs : 15k

Closing costs :10K

Total Cash : 55K

Rent Income : 1000$

Cash Flow : 554 before taxes (Rent - Loan return) 

ARV (apprised) : 150K

Refinance : 70% -- > 105K

Cash Flow after refinancing : 100$

Profit : 105k – 55k = 50k

Ok , i ended up with apartment with a value of 150K that i don't have any cash in and this apartment is building equity in it.

my point is that i need the cash flow. according to your opinion should i take the 50k (the "profit") as cash to live from or i should keep it for darker days ? i'm not sure what is the right approach with the money that you are getting from the bank ....maybe better not to refinance it fully but only with the amount that i'm (in cash) in order to cover my initial expanses and then i will have a lower monthly return....what do you think ?

Thanks!

@Anthony Kelly

hi, thanks for your reply. Im talking about:

* helping me to find the right deals.

* ARV estimation (with the help of a contractor)

* Receiving bids from several contractors and choosing the right one.

* create a project plan.

* buy materials.

* monitor that the job is done according to the plan and the desired quality.

Hi, Im searching for a project manager that can manage a rehab project from A to Z. Its a part time job around 25-30 hours a month for 30$ per hour.

The job is tampa FL area.

@Marcello Pirrelli @Bryan Blankenship, i want to start investing in the US from Europe. Can you connect me with the franch guy that is currently doing it? Many thanks!

@Nathan G. Thank you! I flipped several properties in the past but not in the US. I will check regarding the syndicates. Thank you very much!

Hi All , 

I would like to share with you my story and my future plan in order to get feedback on it's feasibility.

In the past 10 years i was working ultra hard saving every $ and now some things happened and i forced to resigned from the place that i was working in the last 10 years. During this time i was able to save around 1.4m dollars which i want to start investing in US real estate from my residents in Europe (The market that i'm living in is not good for investing) . in the last few days i'm reading the book of David M Greene : "Long-Distance Real Estate Investing: How to Buy, Rehab, and Manage Out-of-State Rental Properties" As progressing in the book i understood that there isn't something that should prevent me from investing in the US. My main goal is to create cash-flow and for this i thinking to buy in cash 10-15 single home apartments in around 50K usd then to make the renovation and to bring them to a value of around 100K usd each ( according to the 70% rule , these numbers make sense (assuming 20k renovation costs)). according to the 1% rule i should be able to cash-flow out of these properties around 10k-15k usd gross every month in rent. Once i will be able to cash-flow this amount i'm going to start refinancing these properties and proceed to the next 10-15 properties. because i'm not a US citizen i will have to create an LLC (i was thinking about Nevada) and to do all the activity on the LLC.

i want to ask you :

1. Can you please share your thoughts about the above plan?
2. Can you "attack" this plan and tell me why it's not going to work ?

Thanks a lot !