If you do enough BRRRs over time you'll see a few values come in lower than expected and a few come in higher than expected.

Hi Jonathan,Given your situation, a good approach would be to structure the deal with interest-only payments for the first five years, which will keep your monthly costs lower while you build equity.

The order requires the county to roll back 2023 assessments to either their current level or a 15% increase from the last assessment, whichever is lower.

To make this deal worthwhile, you’d need a lower purchase price, better financing, or higher ARV to secure a comfortable profit margin.If you need help structuring financing, let me know!

A refinance offers a 30 year fixed mortgage with a lower rate while a heloc for example offers a shorter term and a higher rate. 

I suppose one could make the argument that 12% of the Agents out there aren't dummies, but you're right, it's actually probably even lower than 5% lol.

Currently lower income, but lots of development going on here public and private

I am concerned about the 5 yr PPP because I would like to refinance to a lower rate at least within 3 years.

If rates keep going up, and we then have 2-3 years of no hurricanes, the insurance carriers will be very profitable, and will start to chase business, lowering premiums. 

Hi @Karen DiNapoliGood question.In my opinion: it's all about the cash flow, not necessarily about the taxes or the other expenses.So for example, I live in the Philadelphia area and in West Philadelphia the taxes are lower than they would be in the county outside the city where I normally invest.