All Forum Posts by: Ray Malave

Team, I am mighty excited. I sent my very first offer today. A 3/2, 1,075 sqft SFR in a very desirable location. Asking price $127K. I offered $90K. Kitchen and bathrooms need serious updating. I figure no more than 20K will get the property in top shape (I'm a contractor, so I will be doing the work myself). ARV: low end 160K, high end $175K. Rent: low end $1,200, high end $1,450. Looking for a DSCR loan.

Thanks Hamp Lee. That is the intent. My goal is to have two rental properties by the end of the year.

Thanks Jake

Team, I am new to RE investing. I'm trying to become proficient using the BRRRR calculator. I have a pretty good idea of how to apply it to straight up long term rental. However, when looking at short term rentals, for example a beach house, what is a reasonable percentage for vacancy? Do you recommend placing it on sites like VRBO? Thanks

Welcome to the community Justin!

Greetings Team. My name is Ray. I am a retired Army vet and a home remodeler. I've done about a dozen home renovation for other investors and now I am doing it for myself and my future financial freedom. I was introduced to Bigger Pockets by one of the investors. She began about three years ago and have amassed an impressive 15 door portfolio (I'm currently rehabbing one of them). I'm hooked to the podcasts and have read several books. I look forward to learning from you and sharing my experiences and lessons learned as I dive into the real estate investment community. BRRRR on!