All Forum Posts by: Wayne Hampton

@Wayne Hampton I plugged this into our cloud-based analyzer and here is what a BRRRR might look like. Seems like it'll cash flow and isn't a bad deal at all. I didn't have all of the variables so this might be off, but you can take a look and tweak. Hope this helps!

I appreciate the input from everyone. Looks like the analysis that I did myself falls in line with everyine else so thanks for the confirmation.

0 Votes

Dayton, Ohio

Quote from @Jim Flynn:

Quote from @Wayne Hampton:

I am looking at a 3 unit 3000 sq. ft. (potential for 4 or 5) priced @ $135,000. 2 of the units need updated, potentially just gutted. The siding will need to be painted and eventually changed to vinyl siding along with 28 new windows. I offered $105,000. Seller came down to $120,000 and won't budge off of that price. I can't decide if I should go ahead and give them the $120k or move on. Currently the 3 units rent out for $500 a pc. If updated they should easily rent out in my area for $650 to $750 a month. I think that @ $120,000 it is still a good deal and would like to do a buy, rehab, rent and refi. Just looking for some advice. Thanks!

How many projects have you done to date.

This would be the first rental. I have demoed a foreclosure property and rebuilt about 3 years ago.

0 Votes

Dayton, Ohio

0 Votes

Dayton, Ohio

All Forum Posts by: Wayne Hampton

Wayne Hampton has started 1 posts and replied 3 times.

Post: Looking for some advice on a potential deal

Post: Looking for some advice on a potential deal

Post: Looking for some advice on a potential deal