I am a somewhat newbie BRRR investor.Right now I have 3 properties and I am thinking of 2 more to keep momentum.When I bought those 3 it was with my own cash so cash flow was great (ignoring other aspects).Now I have decided to borrow against those 3 to fund my next 2 properties.With what I have learned I can now easily tell if my properties will cash flow with a mortgage on them.Here is the problem ...I can only get a 15 year fixed at 5% ( long story that I do not want to get into here).With a 15 year fixed the mortgage is higher and attacks my cash flow.When I run the numbers on a prospective property with borrowed money I can barely eek out any cash flow and even worse, some are negative.This really got me bummed out and stunted my enthusiasm :-(But then I had an awakening thought!

other inducements?  

I am beyond bummed just found out our portland Real estate association has a wholesale 101 class on the 5th.

The very high price tag of even in-state colleges + COVID-induced switch to online learning might lead to some monumental shift in how people get educated past high school.

Also, if you enter into a contract with a seller without both the ability (funds) and intent to actually buy it, you could be sued for a tort called "fraud in the inducement".The 100% legal way to wholesale is to actually close on the property and only then start to market it.  

@Dennis M.Dennis, do you have bum and crazy tenants as well?

I'm so bummed!

I was really bummed, but here are the numbers; maybe, I can learn something:price:  $40,000renovation:  $10,000ARV:  $60,000Rent:  $900I would have paid cash for the house and renovations, rented it, and refinanced it.  

I noticed as I left the courthouse, I was not bummed at all, but excited to move on to the other properties I have researched and kept in the pipeline in case this one didn't pan out.

If you get bum tenants you're going to regret it everyday .