David Colthart
How to BRRRR in Ohio in 2024
24 August 2024 | 26 replies
- all markets are challenging to cash flow after extracting all possible value after a brrrr.
Jacob Zeimet
How much cash do I need?
21 August 2024 | 5 replies
In most markets at the current rates, the property is negative cash flow after extraction of equity via the refinance.
Garrett Brown
What Is Your Biggest Pain Point As A Host?
17 August 2024 | 12 replies
You can use Zapier to monitor the PMS or email account for that notice and then extract the email address and kick off the rental agreement in DocuSign.I do this right now but using SignNow.
Andrew A.
Be brutally honest about my strategy!!!! New to real estate!!!
9 August 2024 | 18 replies
Here’s the plan I’ve come up with, and I’d love to hear your thoughts on its feasibility, potential risks, and any improvements you might suggest.The Plan1.Pay Off Mortgage: I currently have $170K left on my mortgage, and my goal is to aggressively pay it off in the next 1.5 years.2.Establish Emergency Fund: Before making any big moves, I’ll set aside 6-12 months’ worth of expenses as an emergency fund.3.Extract Equity: Once the mortgage is paid off, I’ll pull out the equity from the property.4.First Flip: Using the extracted equity, I’ll purchase another house, fix it up, and sell it for a profit.5.Reinvest Flip Profits: Instead of buying another property immediately, I’ll use the profits from the flip to renovate the original property, aiming to increase its rental income and appraisal value.6.Reappraise and Extract Equity Again: After renovating, I’ll get the original property reappraised and extract additional equity based on its increased value.7.Purchase Rental Properties: With the additional equity, I’ll start purchasing rental properties that offer positive cash flow and have growth potential.8.Leverage Equity Strategically: I’ll use equity from the original property and any new properties while maintaining a healthy loan-to-value ratio (LTV), ideally around 70-75%.9.Build Rental Portfolio: I’ll focus on acquiring a mix of property types (e.g., single-family homes, multi-family units) to diversify my investments.10.Focus on Cash Flow: I’ll prioritize properties that generate consistent positive cash flow, ensuring that rental income covers all expenses, including mortgage payments, maintenance, and management fees.11.Long-Term Hold: I’ll hold properties long-term to benefit from appreciation and tax advantages.
Jasjaap Sidhu
Los Angeles - Detached ADU conversion - 150 sq ft expansion for ingress/egress?
11 August 2024 | 4 replies
However if I do a BRRRR I can achieve infinite return by extracting all of my investment.
Anna Brown
LA Property with lots of Equity
15 August 2024 | 57 replies
Experienced, active RE investors can do well, but my issue is that if I extract the added value the property has negative cash flow).
David Lutz
The Myth of Cashflow – and understanding how to reserve properly and model.
15 August 2024 | 86 replies
Same with the financing of the notes / portfolio when interest rates go back down and you wanna extract equity for a non-taxing event.Monetize your detailed nature.
James McGovern
Does this type of mortgage product exist?
5 August 2024 | 12 replies
I want to dump all my capital into a lucrative foreclosure property where on closing I will own it 100% and then immediately have a cash-out refinance the same day to extract some of my capital back out.
Michael Calvey
Unpacking the Rent Crisis: It's Not Just Greedy Landlords..
6 August 2024 | 54 replies
To me the issue isn't charging fees and making profit as much as it is doing so without providing tangible value in returnA business exchange should result in value added not extracted—charging a 50% leasing fee to then only do remote showings, charging a $25/mo smart-home fee because of an added a $50 wifi-enabled thermostat My clients pay management fees as high as 20%, none lower than 13%, and in return they receive comprehensive property managementMy residents pay nothing other than rent, because they're not clientsI can't complain though, because if it weren't for the industry's standard practices becoming this way, I wouldn't have my niche
Paul Post
How much info can a PM share with a landlord?
9 August 2024 | 47 replies
Let’s break this answer down to extract best practices: First - Look at the Contract!