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12 September 2024 | 0 replies
Our unique partnership model ensured that both Erika Gilbert and Partner Driven were financially aligned to achieve maximum returns on the sale.
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13 September 2024 | 9 replies
With a 5% vacancy and a 32% expense ratio (without looking at the property) the model projects a healthy Standalone DSCR of 1.21x.
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13 September 2024 | 8 replies
Is there any legitimate company that I can work with that has a similar model?
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12 September 2024 | 17 replies
If you are a "legacy" subscription host, you can continue adding properties under the subscription model.
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12 September 2024 | 8 replies
Most of the time, even in the RBTR model, it's really not much day to day work.
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12 September 2024 | 9 replies
As far as purchasing a new home as investment, you are allowed to rent that house as Longer Term whole house, Rent By The Room (usually called SRO for Single Room Occupancy, CoLiving, or PadSplit model), Mid Term (30+ day rentals), or Short Term rentals.
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12 September 2024 | 4 replies
I would also suggest looking at the IRR of this deal as you have some moving parts on this deal (renovations, etc...) and also include your exit strategy (refinance or selling) into your modeling as well.
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10 September 2024 | 5 replies
I always like looking at underwriting models and what others are looking at, so I'd be happy to review if you have any interest.
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12 September 2024 | 15 replies
Here are the variables you'll need:ARV (After Repair Value)Estimated Repairs (add a 10% contingency)Estimated RentPurchase PriceEstimated PITI (Principal, Interest, Taxes, and Insurance) on the refinance sideIf you know these values and ensure that your all-in cost (purchase price plus repairs) is 75% or less of the ARV, and that your rent will cover PITI + vacancy + maintenance + property management, then it's a deal worth pursuing.The BRRRR model is a fantastic way to build a portfolio and is still very feasible—even in 2024.If you're interested in more info, feel free to shoot me a DM—we can connect, and I'd be happy to assist you.