I was having lunch with the president of a new bank I am using in Oregon they are out of Eugene and they know your Dad well..

I am using HML now but it is hard to do a Full BRRRR because at least with the last one I still left $14,000 into the property plus since I tried selling first I had $10,000 in holding costs over the 6 months it took in rehab and 3 months of it sitting unsold on the market until I decided to rent it.

I am using binnacle and my partner is using bittrex exchange.

Quote from @Derek Bell: I am used to posting under “commercial real estate”.

They have been extremely successful int bringing hotels flights to the country, amusement parks and other businesses.The current Mexican president AMLO is the most leftist president Mexico has ever had.

When people express concerns about starting an Airbnb in smaller markets, it genuinely amuses me, as this experience has proven that success is not limited by location.

I am using the BRRR calculator to calculate my costs, but I don't think I am using it correctly.

As an Armed Security professional and a Bounty Hunter in my state, I am used to open and conceal carry.

After that I am using 5% rent increases with 60k renovation in yr1- using 20% down around 8.5% rate, many loan officers keep telling that only 25% down is minimum.. idk- yr1 goal to increase rents w renovation around 60k spend w 5% rent increase (tricky part it probably lot of rent lost while renovating maybe 2-3months) - estimating that yr1 and 2 is negative CF and then projecting positive CF w yearly 5-10% rent increasesAny ideas if this makes sense or not?

This hit my LinkedIn feed and I thought it was worth re-posting here for your amusement...