
18 January 2025 | 10 replies
To get to the ARV of $250,000 , I am assuming as follow:Because you spent $15,000 in renovation, I am assuming you increased the Initial value of the property at 30,000 bringing it at $230,000Add a 8.69% home appreciation for one year $20,000Estimated Home Value After 1 Year:$250,000Refinancing Breakdown:New Home Value (Post-Appreciation): $250,000 New Mortgage Amount (80% LTV): $200,000 Existing Mortgage Balance after 12 months: -$158,035 Assuming 3 Months Interest Penalty for Breaking Existing Mortgage: - $2371Total Cash Pulled Out: $39,594, allowing you to recover to pay a portion of your initial investment of $63,548, leaving $ $24,015 in the deal.Many new investors mistakenly believe the BRRRR strategy ends after the cash-out.

16 January 2025 | 13 replies
They pay for themselves almost instantly when you use a dynamic pricing tool.

22 January 2025 | 13 replies
I give them pointers on how to build credit and over time most are in a position to "refinance" and pay off the Option.

14 January 2025 | 28 replies
I think I've done my bookkeeping almost every way you can - from not at all -> keeping receipts in a shoebox and handing over the entire shoebox to my CPA -> running 10-key tapes on all the receipts for each category and handing those tapes to my CPA -> DIY Quickbooks -> paying a bookkeeper to manage everything in Quickbooks -> to now doing it myself using Baselane.

12 January 2025 | 185 replies
Where the only violation was changing title without paying off the loan.

16 January 2025 | 40 replies
SFR houses will only appraise based on comps.So unless someone was paying cash you can't get more than they appraise for.The camp ground is a different story.

9 January 2025 | 12 replies
We will rent to higher-risk tenants, but they'll pay through the nose to mitigate our risk.

13 January 2025 | 10 replies
@Marc Robinson some may be more adventurous than me but with septic and well I would walk awayI prefer TOH of course but with $300 lot rent and 19 occupied, utilities included in rent I would pay $400-450k for this

9 January 2025 | 3 replies
If they are not paying rent then go through the eviction process as normal.

8 January 2025 | 20 replies
She refuses to pay rent and says she cant be out until April.