Compare notes and do what you can to find sold prices near by ie comps for arvs but basically keep looking at deals until you know a good deal when you see it

Typically, the maintainers are staying in hotels where they are spending anywhere from $1,400-1,800 per month on a basic hotel room.

It basically says if the borrower didn’t lie or hide anything and their finances don’t change, we will probably be able to give them a loan.

I'm still in the process of educating myself about the basics, but I hope to eventually use my skills and knowledge as a builder to gain "sweat equity" in my future investments.  

For Loan Officers that like to work with investors, and not all do and not all are familiar with the basic calcs and how to properly do them, you will then have a strong player on your team that can deliver the kinds of refinances you will need on all your deals.Lastly, When considering a BRRRR you always want to have 2-3 exit options.

It's very outdated; there's a garage conversion for half of a 2-car garage that was poorly executed; kitchen/bathrooms need new countertops, tubs, appliances; flooring basically throughoutRents: 1300-1500 (trying to get to the higher end with my rehab==1450)Monthly Expenses: 756PM: 182Taxes: 210Vacancy: 112Repairs/Maint: 70CapEx: 70Insurance: 112Max Mortgage Payment: I used all these costs, with my hope to cash flow at least $100/month to back into what I should offer for the property (not considering CCR yet), with a 20% down payment. 

One decent repair, make-ready or a month of vacancy would basically wipe out a year of cash flow. 

He is currently paying $600/mo which is quite a bit lower than what i could receive, however he is a permanent tennant and is basically guarantee to pay every month with no hassles.

At my most recent meeting with the LA housing authority I learned about Prop 10 that basically limits the amount of rent a landlord can increase a vacant unit.

I started a thread about getting 200 a door in OH and basically was told those days are over.