Yes, @Dave Van Horn is a great guy with an excellent track record and a stellar reputation.

STRs are an option too, but you’ll need to navigate stricter regulations in some areas.

Free option available too.    

For a simple/budget-friendly option, Google sheets/Excel can actually be a great starting point.8.

I've talked to a few plumbers and even a plumbing engineer about it and they all are a little stumped.That is an excellent suggestion about something to dissolve 1-2x a year!!

My partner and I keep an excel spreadsheet of rent, our purchases, utilities, taxes, insurance, and money spent on contractors.

While I would have built $150,000 in equity, the cash flow simply doesn’t work.Now, let’s compare this to the market conditions when BRRRR was highly promoted (pre-2020).Interest Rate: 4.75%Monthly Payment: $3,057/monthRent: $3,600/monthIn this scenario, I’d be making over $500/month with $23,000 left in the deal, resulting in a gross 26% cash-on-cash return—an excellent deal.As you can see, rates and prices play a critical role in the viability of the BRRRR strategy.

Lesson learned: Always think of a Plan B in case renting isn’t an option anymore.

I used them and it was an excellent way to do a flip.

Hi BPers!
I have an STR we've run for about a year. While it's positive after expenses and has potential for improvement in year two, it’s been a bigger hassle than anticipated and taking attention from other priorit...