All Forum Posts by: James Hornbeck

Has anyone used this wholesale website?  Myhousedeals.com 

Saw a bunch of houses on there and was wondering if it was any good?

thanks

Makes sense great feedback.. thanks everyone 

wow, thanks for all the useful links. The responses and information are pouring in.

Thank You

Thanks everyone, I figured the mortgage would increase.  Would you pass that increase on to the tenants or try to factor that in renting costs before you find tenants?

Hey Everyone,

I am new to BiggerPockets and have been reading a lot about the BRRRR Strategy. I have a question about the refinance part, and could not find the answer on other posts. My question is if I purchase a home for $100K ,rehab for $20K, and has an ARV of $150K; When I refinance and get $30k back out, does that increase my mortgage payment, thus increasing rent for the tenants or decreasing my bottom line? Is there a rule of "thumb" where every $1,000 borrowed is a $100 payment etc.?

Thanks

Hey everyone,

My name is James and I am getting into real estate investing in Georgia. I am interested in rental properties and flipping.

Great Post, I am getting into REI and reading all the comments are helpful.