Most lenders will also look at debt coverage ratio which limits leverage at this time due to higher interest rates.

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.

I’m all about finding value, creating win-win deals, and growing my portfolio one property at a time.

Hopefully, she'll just move this time. 

That was when I had enough, and decided to end the lease.He has been living month-to-month for some time now. 

It is difficult to schedule a time for the Potential tenant and the current tenant and often is after hours.

They've even called my mom who we don't live with anymore (but lived with at the time we applied for the loan).

Now is the time to take action and I will.

Have asked a question or 2 on here but have disappeared a few times. 2024 was a busy year for me.

I did none of the work, and hopefully won't have to for a long time.