we are using REsimpli for our CRM and they can pull data etc. its pretty much a one stop shop for running an investment firm/renovating/wholesaling.

It creates over-leverage and the performance of one property is dependent on the other.

If there's a hole, it may be a red flag.b) sensitivity analysis: I examine all the assumptions, and make sure I can live with the worst case scenarios.c) "Stall and see": if they are getting money over multiple years, and there is no penalty for investing later, I would usually wait so I get some real performance data, versus having to look at theoretical pro forma information.d) Recession stress test: I will not invest in anything, until I subject it to recession level stress and see if I can live with the result.

Hello everyone, I am located in New York City (Bronx), and I am currently tackling a renovation for a triplex rental I plan to keep. It needs everything: all appliances, cabinets, flooring, tiling... everything. For y...

So you’d be ok coming out of pocket another $130k and paying $780k for this property if the builders fail to perform?

The new property has to perform enough better than what you have to pay the higher interest rate on the higher balance, AND ADDITIONAL profit just to payback the $65k you lost selling.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

To assist us, we refined our pitch deck and performed some scenario analysis with our financial models.

Just keep an eye on how both markets are performing, and maybe start small, like taking out $50k, so you can test the waters without over-leveraging.

...if so, how is it performing?