All Forum Posts by: Niels Bjørn Toppenberg

@Jim K.

Your story should be a movie!

I think BP is great!

BUT I think you should be more ambitious in regards to membership growth. There is so much growth potential in other English speaking countries like Canada, Australia and the UK.

Brandon mentioned in a Podcast that a board member did not want to hear what was possible with the current setup - he wanted to hear what great ideas that was not yet possible.

I would love it if the whole organization would embrace that.

@Lesley Resnick

There is a town 20 min from where I live called Middelfart :D

 Vincent,

Fair enough, but I would recommend that you get a real estate agent to make an ARV after at least one contractor has made an offer on the work.

Also, I would recommend doing a BRRRR analasys here on BP to see where you would be at after a refi.

Hope this helps and best of luck with the deal!

Niels

@Gabriel F.

If you are confident in the ARV you should definitly BRRRR this deal ;)

@Vincent Dych

Hi Vincent

Looks great!

Did you consider BRRRRing this deal?

How did you determine the initial repair costs?

How did you calculate ARV?

@Michael Roblee

Looks like a great deal!

How did you determine the ARV?

Did you have a contractor walk the property with you?

@Michael Roblee

Looks like a great deal!

How did you determine the ARV?

Did you have a contractor walk the property with you?

@Edward Kiser

Water and sewer number seems high. Did you confirm this number?

How did you determine the ARV?

@Andrew Varney

Hi Andrew

Might be a great deal but I see a few problems and possible solutions:

If you use your savings to finance the downpayment you will have A LOT of cash stuck in deal that you cannot refi out. As you mention, this will also leave you vulnerable if things go south.

I would recommend you talk to the owners. Find out:

- why they are selling?

- where are they going from here (what do they need the cash for?)

They might be willing to do owner financing for 80, 90 or even 100% depending on their plans.

Best of luck :)