All Forum Posts by: John Paul Whaley

I need help analyzing a potential long distance rental investment opportunity ASAP - I am in Maryland, the potential property is in North Carolina. I've run the numbers several times and they come out looking good ($450 monthly cash flow; 14% Cash on Cash ROI). I feel like I must be missing something; either that, or I've finally found the (first) deal I've been looking for.

Please respond or message me if you are able to help. Looking to talk to someone 1 on 1 to go through the deal with me.

Thanks BP!

I read somewhere that my interest rate (if I were to borrow from a bank) would be higher if it were for an investment property than if it were for a primary residence. Is this true?

I am looking to BRRRR by borrowing from a bank since I have a decent amount of capital myself (instead of using pricey hard money for a down payment). When I go to the bank for a loan, can I just say that it will be my primary residence, live there for a month or two while I BRRRR, take advantage of the lower interest rate, then rent it out?