All Forum Posts by: Jason Capalad

Sure! Thanks

Any good lenders and REA to work with In the Seattle area? I'm looking to purchase in the area for my primary residence!

I understood it as you are getting all your capital back since the rent is paying for the loan and interest from the refinance. Now i am getting confused, books stated to buy first BRRRR with cash.

Also to add, you cash out refinance 75% loan to value, which is 112k, you get your original 100k back and made 12k, then repeat.

@Joe Villeneuve in a true BRRR you buy with cash, at least that what the books stated. Is that not the case?

Ex. You have 100k

Buy house for 50k, spend 50k for rehab. ARV is 150k. Since you bought in cash, equity is equal to ARV which is $150k

Then when you cash out refinance you get your investment back and do the whole process again.

Which is why the technical BRRRR is to pay with cash. If you do down payments and loans, then it's a modified BRRRR and won't yield the same results.

Someone correct me if I'm wrong, i just finished 2 books on BRRRR and that's how i understood it.

Hi Sokhna! I just got my first offer accepted last Friday! I'm super excited and nervous as well. Good luck! PM me if you would like to know how I analyzed deals.

Understood,  thanks for the help!

Great thank you!

So,  I recently had an offer accepted and I'm planning on some light rehab.  Since I am out of state,  my friend who is also my property manager will be managing the rehab before we list for rent.  Since I haven't done this before,  what is a good compensation for managing this? 

rehab items

- replacing flooring

- painting walls

- install 2 bathroom sink vanities

- install 3 ceiling fans/ lights

Any input is appreciated,  thanks in advance!

Thanks Monica,  def appreciate it!