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6 July 2024 | 16 replies
How can I determine lets say if i wanted to rent out this property using the BRRRR method rather than just flipping it?
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7 July 2024 | 11 replies
How exciting - the BRRRR Method is a great one when done correctly!!!
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7 July 2024 | 1 reply
Or primarily for sufficient capital for down payment and obtaining a new DSCR or alternative qualifying loan for the target acquisition.Although there are alternative income qualification methods for fixed second loans and HELOC's utilizing bank statements and even DSCR rental income, as the lender risk increases, generally so does the borrower's interest rate.
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10 July 2024 | 50 replies
All of them promise their method is the BEST.
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7 July 2024 | 9 replies
- Know the property numbers: I would recommend AirDNA (paid version) + enemy method to factor income then back out all expenses properly- Know yourself: Why do you want an STR?
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5 July 2024 | 2 replies
Building your team/networking is crucial but it is important to know what type of method(s) you are interested in pursuing (flip, BRRRR, str/ltr, etc).
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5 July 2024 | 8 replies
If so, by what method would I do so?
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10 July 2024 | 112 replies
Then you want to take the cash from the stabler assets and roll that back into another high ROI method.
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6 July 2024 | 8 replies
I believe that successfully navigating this initial investment will pave the way for future opportunities, whether in the same market or elsewhere.Living in New York City, I faced a challenging market ;)I chose Montgomery, Alabama.Here's my process:I compiled a list of states with favorable landlord laws.Using Brightinvestor, I identified cities within those states where the median home price falls below the national average ($420k).I excluded cities with negative income growth and rising unemployment rates.I focused on cities with strong appreciation rates over the past five years (over 10%).I compared price-to-rent ratios.I did break two rules: Montgomery has a slight decline in population, and its largest employers are an Air Force base and government agencies.One significant factor that influenced my decision was the promising price-to-rent ratio, suggesting potential for positive cash flow (though I remain cautious about appreciation).Regarding my acquisition strategy:I plan to employ the BRRR method with cash.
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4 July 2024 | 24 replies
Hi Justin.Nice to meet you here We are also investor in the high desert, we have been doing the house hack method so far 3 sfh in Hesperia and apple valley.