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24 February 2025 | 12 replies
Thanks you should be able to get close to that with 75-80% and a780 credit.
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24 February 2025 | 9 replies
It’s harder to BRRRR in the Tulsa area now due interest rates, you definitely have to buy at a great discount in order to be all in low enough toget all of your money out and the rents have to be high enough to still cash flow after all expenses (PITI, Mgmt, Vac’s, Rep/Maint, CapEx, HOAs, Util).Based on being “all in” $120K in order to BRRRR and still cash flow at least $300 mo:$120K cash out amount - at 7%/30 yr ($150K+ ARV)PI = $800 mo + Taxes $150 + Ins $150 = $1100mo PITIRENT would have to be at least $2000 mo- $1100 PITI- $200 mgmt (even if self mng, it’s exp for time)- $200 vacancies- $200 Rep/Maint & CapEx= $300 mo cash flow.
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25 January 2025 | 2 replies
Hey @Monty Alston, welcome to BP!
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11 February 2025 | 7 replies
Would love to connect and help you with finding some on/off market deals and introducing you to property managers.
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17 February 2025 | 10 replies
You could also end up with a property that needs to be gutted from top to bottom after months of legal hassles.
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24 February 2025 | 3 replies
Welcome to BP Brandon and good luck investing!
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17 February 2025 | 7 replies
Congrats @Emily Pena - I'm also an agent (working mostly with investors), property manager and an investor myself (currently owning 26 rental units).
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24 February 2025 | 0 replies
Greetings all,I am new to the community and eager to start investing in real estate full-time.
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24 February 2025 | 3 replies
Joanne Here's what I do: Most of my properties are in separate LLCs.