Be ready for a huge amount of information at your finger tips.

However, one of my biggest concerns when fixing homes is knowing when to use permits.

Seeking either lien in amount of arrears, or refi of each if poss.Approx.

@Xuming Yu while they probably should be fixed, you should also request that the tenant make ALL their requests now.You want to deter the tenant from making new requests every week!

To get this amount through a cash-out refinance at 80% LTV, the home value must be at least $453,800 after one year.Based on your report your ARV right after reno is $425,000Add a 8% home appreciation for one year $34,000Estimated Home Value After 1 Year:$459,000Assuming a refinance after 12 months with a property value of $459,000: New Home Value (Post-Appreciation): $459,000 New Mortgage Amount (80% LTV): $367,200 Existing Debt Balance after 12 months: -$360,000 (because you have been paying interest only) Assuming Bank fees on New Mortgage: - $200 Cash Pulled Out: $7,001, allowing you to recover to pay only 7k on your initial investment of $29,790, leaving $ $22,789 in the deal.Many new investors mistakenly believe the BRRRR strategy ends after the cash-out.

Then divide that cost by the amount of time between now and then and that's how much you should be putting aside for Capex.For general maintenance, the age and condition of the building will play into that.

I am the opposite I have never bought new tires for a car in the last 20 plus years except for my Porsche which chews them up. and my model X Tesla which weighs a ton.. when i need new tires I get a new car :)  PS when the clutch went out on the Porsche at 25k miles and out of warranty it was 5k to fix it..

You can buff out scratches with a baking soda paste, a stainless steel scratch remover like Bar Keeper's Friend, or a small amount of toothpaste.

We’ll use these as visual aids in our presentations to investors, during dispo of fix and flips, and for our property managers to show prospective out-of-town tenant leads. 

And IRR of ~ 10.77% over 30 yearsProperty 2 - Opportunistic BRRR single family Home 70% equity 30% mortgage on 30year fixed... currently living in and have contract to rent 2025 summer Looking to learn more about real estate acxoubting...