All Forum Posts by: Account Closed

@Whitney Hutten thanks. I'd like to run into an issue where I have a wildly higher ARV. Good problem to have!

@Anthony Dadlani I appreciate it

@Kenneth Garrett good stuff. Although I’m not quite understanding what you mean by having cash stuck in? Can you explain more? An example maybe? Thanks

@Joe Aiola thanks. I checked that BP podcast out a few weeks ago. Learned a lot from it.

Thanks @Mason Hickman. Makes sense. I don't plan on having more than the 80% of the ARV invested in the deal. I'll revise my calculations with the new loan equal to the cash I have in the deal and see what I come up with. I assumed I would need to REFI at 80% LTV (or close to it) in order to BRRRR because I hear everyone say that is the desired LTV I should be seeking.

@Todd Rasmussen thanks for the info, learning new things everyday

While performing analysis on a BRRRR deal I'm noticing that when it comes time to REFI if I underestimate my ARV I could potentially hurt/lower my cashflow due to the higher loan costs I will be required to pay. Is this correct? If so how can I get around this? Obviously having the ARV come in higher than expected is a good issue to have but I don't want my cash flow to be jeopardized. Thanks.

Thanks  

@Tim Herman

I'm currently looking to complete my first BRRRR deal and I'm running numbers of potential properties on the BRRRR calculator. What I'm not understanding is how to realize when the deal is no good and how to tweak the numbers so that I can make an offer on the property that would make it a good deal. I have added 3 screenshots of the results from the calculator (1st one is the rehab period, 2nd initial rental period and 3rd refinance). Obviously this looks like a terrible deal, but what can I tweak to make this deal worthwhile? Thanks

@Whitney Hutten thanks Whitney. I want to both refinance to an LLC and take advantage of conventional rates. The more information I'm gaining it's seeming as though that won't be possible. I want to have the property held under the LLC for liability protection but I may have to go with an umbrella insurance policy instead.