Quote from @Bob Asad: Thanks for the detailed response.

I’m seeking guidance on how best to approach this situation and would appreciate your thoughts on what you would do if you were in my shoes.Here are the details: My current home loan is $242,000, and the property is estimated to be worth approximately $420,000 (± $5,000).

Google docs, videos)*This is for direct to owner/off market deals #AskBP

Happy Holidays, and thank you for sharing such a detailed and engaging market update!

If it would help to get a more detailed estimate feel free to reach out.Documentation is rather limited, just ID, bank statement, LLC documents to start.Sometimes there are interest-only options at 30 and 40 years, generally the difference in payment fully amortized over I/O is minimal so it may not be worth it.

It depends on the LTV, type of loan, whether it is rate and term or cash out refi, and some other details, but that's not crazy.

They even showed us a TED Talk video and asked us to write down "Before I die, I will..."

Any advice, suggestions, books, videos or discussions are welcomed and greatly appreciated.

Hi Everyone,I just wanted to take a moment to say thank you for sharing such thoughtful and detailed advice about scaling with the BRRRR strategy.

During your initial walkthrough, inspect the property for any major issues such as structural damage, roofing problems, plumbing, and electrical concerns, while documenting all cosmetic and functional issues with detailed photos and notes.Once you confirm the property’s potential, finalize your ARV and calculate the repair costs using either a reliable estimator or insights from contractors.