All Forum Posts by: Robert Lair

In order to refinance out of a BRRRR, does the monthly rent need to equal or be greater than the hard money loan?

Hey friends,

I'm looking to network and speak with other developers active within the Huntersville, NC area! 

Selling my Burlington Triplex located downtown.

Henry St, Burlington, VT 05401

6 beds 3 baths 2,228 sqft 3,485 sqft lot

CAP RATE: 7%

WHO IS IT A GREAT FIT FOR?

ALL BUY AND HOLD INVESTORS this is your opportunity to invest in a hot area. Would make for great passive income opportunity on a rental basis. Extremely low vacancy neighborhood. Excellent location near UVM and downtown.

HIGHLIGHTS

Two car garage

Backyard for 3 bdrm unit

Excellent owner occupied

Laundry in the basement

Fully insulated by VT gas, very low utilities

Hill section - Super easy to rent

Across from Henry St. Market

Slate roof update 18 months ago

Newish furnaces

All wood floors, excellent condition

Painted 2 yrs ago

Numerous Porches

Wood floors

INCOME

Studio - 1250

2 bdrm - 1700 now, could potentially go for 1800 for next June 1st next lease

3 bdrm - 2400 now, could potentially go for 2500 for next June next lease

64,200 current income

66,600 projected income starting 6/1/20

EXPENSES

1,000 trash

1,600 water

11,000 tax

1,600 insurance

5,000 maintenance

20,200

44,000 net

@Harry Marsh Thank you.

Looking to connect (and partner) with savvy Real Estate investors/developers in the Charlotte, NC area interested in lands.

What are some of your best projects, past or present around development and flipping.

Show yourselves :)

Looking to connect (and partner) with savvy RE investors in the Moriah, NY area who share unique passion in passive investing and flipping. 

What are some of your best projects, past or present? How do you like the area? What do you recommend? 

Show yourselves :)

Looking to connect (and partner) with savvy RE investors in the Plattsburgh, NY area who share unique passion in passive investing!

What are some of your best projects, past or present?

Show yourselves :)

Looking to connect (and partner) with savvy Buy and Hold investors in the Burlington & Barre area who share unique passion in passive investing! 

What are some of your best projects, past or present?

Show yourselves :)

@Darrell Lee

@Peter Amour

@Vincent Miller

Thanks everyone! I have privately messaged each one of you a current triplex that I'd love to partner on. Would love to know your thoughts as we move forward.

Looking to connect (and partner) with savvy Multifamily investors in the VT or nearby areas who share unique passion in Multifamily investing! 

What are some of your best projects, past or present?

Show yourselves :)