All Forum Posts by: Matt Kulpinski

Hi Jonathan - thanks for your input. Yes, the cashflow doesn't look amazing, but the equity capture is what interests me the most. I need to weigh out priorities but I certainly agree that getting started is crucial.

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*This link comes directly from our calculators, based on information input by the member who posted.

Curious what other's thoughts are on my calculations in general and this duplex in San Antonio, Texas (3/2 on top unit and 4/2 on bottom unit). The wholesaler price is 200k and I estimated 60k in rehab costs (packaged it all into a hard money loan 100% LTC). I'm not great at estimating rehab costs yet but am using that number for now (open to suggestions). Here is the wholesaler's project analysis packet and additional notes below: file:///Users/mattkulpinski/Desktop/Project%20Analysis%20Packet%20-%201018%20Steves%20Ave.pdf

SQ FT: 22123/2 upstairs 4/2 downstairs2 electric metersLot size: .17

Off market duplex in fair north! This has tenants currently on a month to month in both units. Both tenants are bringing in a total of $1500/month. Projected rents upon adding value show a rent ranges of $1450-1550/a month PER SIDE for a total of $2800-3000/month! None of our comps both rental or sold had 3/2s or 4/2s! This will need HVAC, cosmetics and foundation work.

Thanks for your two cents in advance!

- Matt

This is golden advice, thank you!

Hi there - I'm a new investor looking to do BRRRRs in the San Antonio area to start. I'm currently looking to build a team of trusted all-stars and could use the help of the BiggerPockets network to leverage any referrals. If you have had an awesome experience with GCs, hard-money lenders, property managers, real estate agents, etc. I am looking for any recommendations! 

Regards,

Matt Kulpinski

Thank you, Andrew!

Thank you!!

Anyone have a good experience with investor-friendly GCs for single family BRRRRs in San Antonio? Looking for referrals