All Forum Posts by: Jacob Phillips

Hi BP crew. I am chasing the next BRRRR and need funding. Looking to Refi current rental (Own free and clear, 85k value) Here the deal breakdown...

Quadplex details..

Purchase Price $215,000

Rehab $50k

ARV- Recently appraised for $400k pending roof replacement

Projected monthly Income $4200 (Post Refi)

Please reach out if this deal is appealing.  

Yes I couldn't agree more with your statement! The matrix above is not accounting for many of the essential expenses outside of the mortgage; including maintenance, management, CapEx, etc. This is by no means meant to give a false reality of "cash-flow", and I always recommend any investor factor these cost into their monthly expenses. I hope this post gives people a starting place to factor in their own expenses that best fit their investment strategy.

No it is not. I own other properties in the area and this is one I came across to analyze, location is at the top of the report. 

View report

 I wanted to share this as an option for those investors struggling to find positive cashflow due to increased mortgage rates and sale prices. This is fair market rent for Section 8, with a minimum 1 years lease. These number are not exact for you but it will give you a good idea. The area does not have a lot of appreciation but everyone has a different investment strategy. If anybody has any questions I am happy to help.  

Hey Bryson, I would love to connect to talk more about your goals. I am familiar with our market in metro Detroit and service other local investors. Happy to provide some insight and guidance. 

I think we are are experiencing this on the buy side right now. I would talk to my clients and ask how important it is to get into the new house and what is the most they would be able to offer. Then use an escalation clause up to that dollar amount.

Hi everyone! I currently have 2 rentals in Flint, MI and I'm ready to start flipping/ BRRR as another pillar to my portfolio. When analyzing deals, how do you calculate for repair cost without having to get bids? I know the cost isn't going to be exact but just looking for a range.