Here is the pro forma financials for the property……………they assume 150% occupancy and a 150% rent increase 9.

However if you are looking for options without points then you would either want to consider taking a higher rate or increasing the term of the prepayment penalty. 

I would discuss financials on this if you choose to come see the pre-rehab on Dec 1 (I have made a lot of money (close to 7 digits after this rehab is done in ~2 months) but due to not executing a cash out refi (due to the rate increases) my return is below my underwriting).

I use the Bureau of Statistics to find figures for job growth and population increase.

If so, do I need to wait a full year to apply the CapEx rent increase?

The difference is just UW fees, better than paying a 20% increase at payoff to remove properties. 

These may cost $20-50 a month but will pay for itself and more with the increase in profitability you have.

The Triad area in NC is an exciting market, and it’s fantastic that you’re embracing long-distance investing—especially after listening to the BP podcasts for inspiration.

These areas offer a mix of renovated bungalows, new construction, and industrial conversions, with increased demand from young professionals.

Since LMHA started inspecting my properties every 9 months instead of 12 as was the norm before ~2013 I request a rent increase each year and so far have been pretty good about getting a 2-5% increase.