
6 March 2020 | 2 replies
From what I understand cash damming is the method used to achieve this, more specifically by drawing on a LOC to pay for expenses associated with the rental.Am I misunderstanding something?

10 March 2020 | 6 replies
They fumigated, ripped up & replaced flooring, repainted walls, ceilings trim and doors and replaced doors, Got the bad tenants out and much more.

9 March 2020 | 8 replies
We are exploring brrrr and traditional mortgage methods based on what’s works best.

9 May 2020 | 8 replies
We are now one week into the rehab as I type this.Current BRRR Numbers:Pre-closing Costs: $2,740Plumbing inspection (because the house needed to be dewinterized, $150)Home inspection ($525)Appraisal ($655)Electrical inspection (because power was off on the day of the appraisal, $150)CO and Smoke Alarm ($366.57)CO and Smoke inspection ($52.50)Rehab consultant ($840)Kitchen Appliances: $2,000 (estimated)Plumbing: $7,300 (estimated)Oil tank ($1,800)Water heater ($1,000)Chimney liner ($2,000)Re-piping as needed ($2,500)General Contractor: $32,000Roof replacementDrywall patching and painting of entire house (trim, wall, ceilings)2nd floor bathroom spruce-upClosing exterior door in master bedroom and finish sidingBuilding two closets in two bedroomsBroken window repairsWindow frame repairsScrape and paint area over bulkheadFinish floorsRemove and dispose drywall from basement spacesRear deck repairFront steps repairInstall handrail to basementFoundation masonry repair and paintingRepair cement stepPatch area of exterior trim near kitchenPatch two rotted window sillsCap extra basement doorFill in dining room windowAsbestos: $1,500Electrical: $2,000 (estimated)Closing Costs: $3,733Home Purchase Price: $149,000Total All In: $200,472Expected ARV = $250,000 (initial appraisal for rehab loan came in at $235,000)Amount I have invested in the deal = $50,000Expected Cash Out at 80% = $50,000The situation is still very fluid, as we still have at least three more weeks of the rehab in front of us, but the numbers thus far are still looking promising, despite all of the surprises.

12 March 2020 | 10 replies
Paint all the walls, ceilings, doors, trim, cabinets.
7 March 2020 | 3 replies
I am also looking to invest with BRRRR type method.

7 March 2020 | 0 replies
We recently purchased a 2 family home. Our initial plan was to rehab and rent. But we are seeing how hot the market is right now and that when we are done maybe we should sell. We purchased for $90,000. We are putting...

8 March 2020 | 7 replies
What methods are they using to reach you?

9 March 2020 | 7 replies
I am just curious if anyone has any other methods that have been successful or advice regarding the use of loopnet.

4 April 2020 | 16 replies
Another method to run the numbers would be similar to the thread title, where you say you purchased for $525k and now it's worth $790k.