All Forum Posts by: Karl McGarvey

@Theresa Harris without increasing the ARV through improvements is there any money to be pulled out with a refi?

Thanks! Trying to balance the education piece as I finish up my Masters Degree, busy busy!!!! But I find myself using real estate stuff as an excuse to not study haha

We are looking at turning 50K into a BRRRR investment so that after project 1, getting our feet wet, and going through the process we can get the $$ back out and learn from our mistakes and jump right back in, with the hopes that we can build our business using the original 50K over and over. Ambitious, but a goal.

Money! But we have a goal date set that we are working towards

@Austin Pool Awesome! You are actually about 5 minutes from where I work, convenience is key! 

Be the best, because just good enough will never change the world

- Sheldon Cooper

"What Every Real Estate Investor Needs to Know About Cash Flow... And 36 Other Key Financial Measures, Updated Edition - Frank Gallinelli"

I think Frank was on a podcast done by Norada real estate investing and he did a great job of breaking these numbers down. Sorry I cant be more specific, but if you look up the Norada Passive Income podcast you should be able to find it pretty easily.

If your unit was turning over every year would they be charging you more? I just ask because when I look at some of the TK companies they limit who they recommend and all of their recommendations charge a months rent to start a lease. Which changes the number drastically.

The ARV is less than the listing price? What is the current actual value on the home? I am a beginner, but to me, it seems odd that you would pay more for a home than it is going to be worth AFTER putting more money into it.