All Forum Posts by: Divya Sosa

Hello, 

I am looking for a reliable Handyman in the Spring Hill TN area for two of my upcoming properties (townhouses) that I will rent out. This will be for any general upkeep of the properties as and when needed. Any recommendations would be really appreciated.

Thanks

@Mike Williams @Robert Cafferata

Hi Mike, Robert

I am under contract on a property in Cherry Log working with the Short Term Shop and I was hoping to chat to you if you have a few minutes tomorrow or day after tomorrow. Just wanted to know little bit more about more realistic expectations on vacancy, nightly rates, finding cleaners and handyman etc and etc. I would greatly appreciate it. Thanks in advance. 

Hey everyone, 

What websites/tools are good to get crime statistics for any given neighborhood. Just to get a fair idea. Nothing super detailed or anything like that. Thanks in advance. 

Hi Jhanel

Thank you for your response. I have a link to my report attached in the question. Which has everything including purchase price, closing costs, rehab estimate, refi, rent etc etc etc. The link is right above my question with blue fonts "View Report". 

Hope you are able to access my report and give your feedback. Thanks

View report

*This link comes directly from our calculators, based on information input by the member who posted.

Dear fellow BP members, 

Need some help with this partial BRRRR deal. 

1. I plan to purchase this property with 20% down traditional mortgage. 

2. Rehab estimate is 25K and I plan to pay for that using Personal Line of Credit with about 8% interest. I don't think there is anywhere in the calculator to account for this as it seems to me. 

3. Rehab time will be 2 months (Actual rehab time will be just a month but I am keeping some buffer for possible delays and the time after the rehab to get it finally rented out. 

4. Refi I calculated based on 70% ARV with traditional mortgage. 

Is there any errors in this analysis? Thanks in advance

Error

Hey Everyone, 

Does anyone has a recommendation for an investor friendly real estate agents in Chattanooga, TN area? Thanks

Thank you for the insight Paul. 

Although we had saved up about 75K to start out with a rental property but we were also in a middle of starting another business for which we could not get a SBA loan so we had to put majority of our savings into that. I am able to obtain a margin loan from the stock brokerage account i have for about 25-30K with 0% interest and also no specific time limit to pay back. Would it be a good idea to use that as a down payment for my first rental property? My intention is to pay back the margin loan ASAP (within a year or year and a half).