All Forum Posts by: Tyler Barker

@Kat Rathell I think that would have to do with your personal risk tolerance. I personally think it would not be smart to have to borrow money to fix anything that went over normal monthly income, but again I’m operating entirely based on theory right now.

@Nathan G. Are you just assuming that all 20 units will not have a big problem at once, and if they do you can cover most of difference with a few months of cash flow or by liquidating some of your reinvestments? Is that why you don’t do an exact multiple of cash reserves per unit?

@James Galla I really like the idea of a yearly inspection to get a more accurate estimate of future costs to make sure I would have liquid assets prepared for that event. Thanks for the tip that’s very useful.

I'm working on my first deal and considering the CapEx, Vacancy, and Repairs expenses in the BP calculators. If I have a large enough (approx 6 months of rental income) lump sum of money saved up and invested in safe investments not likely to loose principle, would it make sense to just reinvest these three expenses and then refill my lump sum as necessary? I could get 12% COC before reinvesting these three expenses, but if I were to reinvest the expenses the COC return would jump to closer to 25-30%. It seems logical to me but I wanted to get advice from an experienced investor to really stress test my opinion. Thanks for the help.

Andrew,

Were the hiccups you spoke of something that could have been avoided on the part of the Bridge Turnkey team? Or were these hiccups something out of their reasonable control in your opinion?

Thanks for the help

Has anyone used the BRRR strategy and refinanced using a VA loan? I was wondering if there were any additional requirements besides having the house being my primary residence. It would be more like a live and flip but doing all of the flipping work before. Thanks for your time and help.

Dom,

Thanks for the detailed reply. It will help a lot when looking. I will let you know if I have any additional questions about your experiences in the area. 

Best,
Tyler

Thanks for the quick reply Greg. I will definitely keep a look out for that. Do you know of any other long term buy and hold strategies that are working in that area specifically?

I will be moving into Monterey County in a little under a year and I am looking to purchase some real estate in the area as an investment. Since Monterey's prices are generally too high to use the 1% rule, I have started looking into the possibility of AirBNB as rental income. Does anyone have any experience with AirBNB in the area? I am specifically looking for approx. vacancy rates, turnover costs, months of vacation activity, etc. Also, if there are any property managers in the area that have dealt with AirBNB before I would be extremely interested in talking to you. Thanks for your time and help.