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All Forum Posts by: Morgan Painter

Morgan Painter has started 4 posts and replied 6 times.

Thank you. The taxes i got from the listing. Thats what i put in. 

no the bank im working with said they do 15-20 year but mainly 15. but i can refi after 5 years, its not a turnkey tho

View report

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

help me out please, it seems like i am doing something wrong. every house i analyze is either negative or barely a 5-6% coc. ive heard Brandon say that if he finds an 11-15% coc then its a homerun but i feel like there's more 2-3% that i find lol. but some hard money lenders ive talked to tell me they want to see 15%. 

Post: [Calc Review] Help me analyze this deal

Morgan PainterPosted
  • Belmont, NC
  • Posts 6
  • Votes 1

View report

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

Can someone show me where it is coming up with $141,000 needed down? The best i can figure on my own is $50,250. Just not understanding where its getting this high number. Wanting to str the house, that is where the high monthly income is coming from.

Post: filling out the BRRRR report

Morgan PainterPosted
  • Belmont, NC
  • Posts 6
  • Votes 1

I am struggling with this analyzing deals part! im trying to get some analyzing under my belt. ive ran multiple houses under the rental property report and it is hard to find a deal with more the 5% CoC . alot of the times its negative cash flow. I must be doing something wrong especially since people are finding deals everywhere!! my goal is to do the brrrr method, should i be using the brrrr calculator instead? if so... when i input my info on the first spot to put ammortization if im doing a hard money lender should it be their terms (interest rate,points,term) and the 2nd spot put the refi (interest rate,point,term). if i find a property that is already renovated besides upping the rent is there any way il be able to get my money back out to scale when i refinance? or does brrrr only work on fixer uppers? sorry for all the questions im just in a rut.

Post: how do i analyze multi family

Morgan PainterPosted
  • Belmont, NC
  • Posts 6
  • Votes 1

hey guys i came across 3 duplex's as a package! how do i go about analyzing them like a do on the rental property calculator? if i can get it for the price i need il be looking for a partner to help fund the downpayment any help would be amazing!