All Forum Posts by: Michael` Cluer

I am curious if there is a vacation rental calculator in the works from BP. I use spreadsheets but like the calculators on the site and keeping track of my portfolio. I think it would be helpful. Thx

I have 1 in Branson and close on another the 14th, I would love to meet up and buy you a beer. I am from Harrison, AR but invest in Branson and KCMO long term.

@Charlie Fitzgerald Ya I plan to keep about 25% equity in them with 12 months worth of PITI in a nest egg to satisfy my own mind.

@Charlie Fitzgerald I like that strategy. I have that in my head with mine but have to do 20 year with my bank. I would look elsewhere but I love  how easy the bank is with my business plan. I like the tax savings I get from lower equity and more potential cash flow.  I do want to keep more than most people do in a nest egg for a hardship though, but this is because I want to quit my W2 by 2018.

I am 29 and am concentrating on creating cashflow with 20 year amortization. I was going for 30 but the bank I have got to know does 20 with terms I like. I am early in my real estate career so I would take my ideas with a grain of salt.

I am aggressively going after 3 separate types of buy and hold right now. I will assess the results in a year and decide where I like the best. My 3 target areas are low price-high cash flow section 8 SFH's, B+ SFH's in 80%owner occupied neighborhoods with less cash flow but stands for appreciation/better tenants, and condos/cabins in Branson, MO in a nightly rental program.

I started the LLC's 3 months ago and have a goal of 30 doors before 2018.

I would say that if you want to rapidly expand after the first 5 then 30 year would be the way to go.

@Account Closed Thank you for the response

I think I would get my cash back if I held it anyway on the REFI, but I wouldn't do much better than breaking even though. I think I will list it for sale up to 6 months after the close date and at that point I will cash out and put for rent. 

I also thought about listing for rent for a little higher than area and see if I get any extra qualified tenants while I had it listed for sale at the same time.

Anyone else like the idea of holding in that kind of neighborhood considering I am in a high tax bracket right now?

@Trevor Tilton

Here are some numbers, not as great as I would like but maybe I am spoiled by the Section 8 false promise cash flow I am in. Let me know if this is anywhere close to what you have targeted in the past. Thx and I look forward to buying you lunch

https://www.biggerpockets.com/calculators/shared/5...

That is the analysis, as you can see what is killing the BRRRR is the ammoritized over 20 years. I bought this and can probally make 15-25k after closing and holding costs while tying up 45k in liquid the length of the hold.

I am primarily a buy and hold investor but target cheaper class higher cash flow properties, but I just got of the phone with a fellow investor who quoted "I regret selling any property I ever bought". It got me to rethink this property which I bought to flip but realize I am in a high tax bracket and would give half the profit back to taxes. 

Using the calculator there will be a really thin line of cash flow.  In this area though, Solid B, 80%owner/20%renter, I stand a good chance of appreciation and it would be a property you would be proud to have in your portfolio.

Need to make decision ASAP due to difference in REHAB and finishes. Capex may be high as I will have to plan on a new HVAC and furnace in the next 5 years, hate to replace now while they still work good.

@Greg G. I believe your post was removed Greg. I didn't get to read it, inbox me if you would.