All Forum Posts by: Justin Manges

@Bill Ward I guess it depends on how long you set that aside.

@Ben Flaskrud I’m not saying it will work in every market, but spent 2 hours a couple months ago comparing these high prices accompanied with low interest rates, to lower priced homes with more traditional interest rates. I found that I could afford to pay quite a bit more for the home (I’m sorry I don’t remember the exact number and it would probably end different in your market anyhow) and still cash flow the same. Interest rates are huge and if you are getting a traditional mortgage they can make a big difference.

Try evaluating your market.

@Bill Brandt I’m turning some of those into bumper stickers

@Malcomb Stapel thanks for the info!

I was honestly thinking about going ahead and setting the money aside so it could build to a decent amount. I heard someone on one of the podcasts say they put it in an escrow account but I’m not sure what that means.

What assumptions do you guys use when analyzing deals when it comes to capital expenditures? I'm interested in the BRRRR strategy so theoretically I wouldn't have any cap ex for the first few years.

I'm looking to start doing my "dry reps" as David Greene calls it, so when I do get my down payment saved, I will be able to quickly evaluate a BRRRR deal.

I plan on looking through homes for sale in my area and running the numbers on them to see how they pan out. Basically flexing my brain.

I’m still learning about property values and rents but once I have those down, what do you guys use to thin out your deals? I’m familiar with the 1% rule as a starting point, but how do evaluate a deal past that?

Any particular BP podcasts you would recommend?

I’ve read

The one thing

Millionaire real estate investor

Vivid visions

Rich dad, poor dad

And I've started David Greene's BRRRR book, and Brandon Turners book on rental property investing.

There’s just soooo many podcasts, I don’t know where to start to get the numbers/ratios that I need to build my spreadsheet to start these exercises.

@Shiela Gerasimenko @Matt "Roar" Gardner seems to be the guy to get ahold of.

@Matt "Roar" Gardner

What dates?

@Matt "Roar" Gardner

When is the July meetup?

@Joseph Bafia

Who is your lender?