All Forum Posts by: Thomas Jerome

@Scott Wolf thank you

@Rick Pozos thanks you

If one is trying to acquire a property with Private money in order to invest with low money down what could one offer as collateral for the Private lender?

@Dan Weber thanks for the advice!

@Bob Okenwa so it depends on the condition more than anything?

One of my friends recently purchased an older home with 4 beds and 2 baths. According to Bigger Pockets insights the median rent for the area is $850. However, he plans on charging around $1600 for rent. This is the mean rent for houses of this sizes in the area, but they are all much newer and have far more aesthetic appeal. So I’m curious if it is smart to compare old houses to new when trying to determine what one should charge for rent?

Alright, thank you! 

How conservative should I be when analyzing a BRRRR deal? I only recently started analyzing deals for potential BRRRR properties and for the projected rent I have been putting in the 25th percentile rent for the area's zip code. I have also been putting in the lowest comp price in for the ARV. Is this something I should be doing to make sure the deal is a homerun or put in numbers more pretanabel the property I'm analyzing?