For BRRRR investors: Are you rethinking cash-out refi strategies or exploring alternative rent models to make deals work?

Alternative rent models (STR, MTR, rent by room, etc.) do not necessarily do better and are more work.  

By spreading the investment horizon across decades, this initiative builds resilience into its model.

These methods include: Detailed Engineering Cost ApproachDetailed Engineering Cost Estimate ApproachSurvey or Letter ApproachResidual Estimation ApproachSampling or Modeling ApproachExperience or “Rule of Thumb” ApproachIt’s important to understand the differences between the approaches including which one best fits your property and the reliability of each approach.DETAILED ENGINEERING COST APPROACHThis approach compiles the costs from construction and accounting reports to build a report.

Also depending if you want to setup a Limited Partnership (LP), or Corporation.

Good morning Marelyn, can you please make an introduction to Jon McGraw i can share contract model, builder updates, and all materials i have with him so he can become aware of all details.

I built a model, and then discovered the deal check app.. and then checked my model. 

The intention and the bizz model was fix and flip and sell which we did we never held these longer than about 18 months.

Travelers, Farmers, Steadily are some who allow this model.

If it’s at or near 70% we dig into the full cost model that accounts for financing costs (hard money and GAP), acquisition costs, holding costs and selling costs.