This puts the current market rents of $885–$925 per unit well within the affordable range, with room for modest increases post-renovation.I’ve also reviewed competing properties in the area; apartments seem to be listed between 975 -1000, and houses are listed between 1300-1900.

Rate will be highly dependent on loan size, credit score, LTV, location, and property type, as well as a few other factors.

My first deal would be all cash, and if all goes well, maybe a year or two later another deal with some financing.

Quote from @Robert Medina: Hello I have attempted to brrrr a property recently but didn’t quite go as well as I wanted.

Then you might be well into the black in a few years. 

However, given that we anticipate completing this project well before that timeframe, I’m exploring alternative solutions to better align with our timeline to get our investment back soonerThank you again for your assistance! 

Hi Mary, we’re real estate brokers as well.

NAR considered job growth, financing, renter who plan to purchase a home, migration to these metro markets, number of renters who are planning to buy as well as homeowners who plan to move.

I am here to learn more about my own personal investments as well as seeking out learning opportunities from like-minded individuals.

I really would like an app or site that allows you to compile a list of properties with notes on the spot, and bonus points if it pulls up any info on the property as well.