Here are the variables you'll need:ARV (After Repair Value)Estimated Repairs (add a 10% contingency)Estimated RentPurchase PriceEstimated PITI (Principal, Interest, Taxes, and Insurance) on the refinance sideIf you know these values and ensure that your all-in cost (purchase price plus repairs) is 75% or less of the ARV, and that your rent will cover PITI + vacancy + maintenance + property management, then it's a deal worth pursuing.The BRRRR model is a fantastic way to build a portfolio and is still very feasible—even in 2024.If you're interested in more info, feel free to shoot me a DM—we can connect, and I'd be happy to assist you.

For example, I believe Nest and Ecobee digital thermostats allow you to put a low/high floor on the temperature so tenants can't put it below or above a certain temperature.Finally, your lease should include a clause that says tenants are responsible for repairs if they abuse or neglect the property.

These neighborhoods are usually less risky than C Class areas, but showing solid comps, market trends, and your plan for value-add improvements will boost lender confidence.If you need any help with financing options, structuring deals, or putting together proposals, feel free to reach out→ I'd be happy to assist!

They were shocked and said if I wanted them to move out in 60 days they would need relo assistance.

I’ve seen folks inquire a lot about “cost” be exorbitant but it’s not for the world to set the payroll of the persons assistance they are requesting of.On another note, with that good of an LTV and DSCR - if credit is in good shape you should be in the low 7’s todays market.

A good lender that knows their guidelines and will be able to assist you in deals that may not work with majority of lenders.

Harris proposed tax credits for builders, cutting red tape, and a $25,000 down payment assistance for first-time buyers.

Adding your location on the thread might pop up some lenders that can assist.

-Statistically, it's a significantly better approach than zip codes and we assist with block-by-block evaluations when necessary.

House hacking with low-down payment loans, conventional loans, owner-occupied financing, seller financing, HELOC, down payment assistance, or partnering with investors can expand your portfolio.Good luck!