I am thinking about purchasing my first flip here in DFW.

We have enough capital now to purchase a property and and we are blessed to have capital left over every month as well, which we typically invest in CDs.Here are our current options: 1-Buy a turnkey place that has nothing to do with mom for cash flow of $200-300/month plus potential appreciation, overall ROI of 15-20% 2- Ask mom if she would move closer to us in San Diego, buy a small place here, have zero cashflow but at least we have another property in a great appreciating market and are no longer spending the $800 on her rent3- Buy a place for her in Orlando, same scenario as above but obviously a lesser mortgage since its FL and not CAWe found a great turnkey company we liked so if we do option one I think we will use them, but it just feels like if we do that we will still be tossing away what we currently pay on her rent. 

In the BP BRRR calculator, the 1st section in regards to loan details is the purchase loan details, this is self-explanatory enough, but what I noticed was the section of it (required section) asking "Amortized over how many years".

Hey Zachary I think it's essential to look beyond mere interest rate differentials and focus on strategic benefits, particularly if scaling your portfolio is a long term goal.Key considerations:Pre-payment penalties: Determine if the HELOC has any penalties, impacting your flexibility payoff.Scaling strategy: Evaluate the scalability and limitations of each financing option.Advantage of HML: Allows scaling without hard credit pulls, and no pre-payment penalties.Holding costs: Factor in not just interest rate differences but also ancillary expenses as well as overall goals of scaling.Example scenario:Property purchase for $120,000 with $30,000 renovation.

I had a similar situation on the first rental property I purchased.

The biggest mistake many make is purchasing their first property in low barrier markets with poor fundamentals  solely because the real estate is inexpensive and it’s the only place where they can afford to buy.

If you purchased that last year, you are going to be negative more than the $2k/month you estimate when accounting for all expenditures using the numbers you provided.  

Hi all- My husband and I are considering selling our short-term rental property in Vermont to pay our kids' college loans, and we're looking for input to see if we are missing anything in the big picture.Here are the details: We purchased a log cabin in Vermont in November 2020 for $440,000 with a 2.75% interest rate.

Hey James, Did you end up purchasing the plot close to Big Bend National Park?

With our help, you can learn how to minimize your tax obligations and even purchase real estate tax-free."