Add in all these cost to make sure it's a functional BRRRR.Those rules aren't set in stone but those are some of the obstacles you will encounter.

I think there's only one thing that would make it better: Add the functionality of the calculators to the BP mobile application!!

I recently read a lease with that included this clause: "If any appliance cease to function, we may or may not repair or replace the appliance at our discretion."

Local Chambers of Commerce and other business organizations will often have this information.

I decided that I needed to get some sales experience and wanted to learn more about other functions of real estate I had no clue about.

And they sell all of theirs organically....Also in this particular case the RE agent here that posted this sent me a link to the sellers web site and the seller is a turn key operator in Memphis and says on his website he has been doing it since 71,, is a former University Quarterback etc.. so I am sure our Memphis friends know himI suspect this guy was just looking for some additional marketing that did not cost him anything up front and pay for performance.

Use the search function to find opinions of other BP members.

These groups are split into three job functions; the acquisition arm which is constantly evaluating deals, negotiating with sellers, and conducting due diligence on properties.

If possible, ask to see the underwriting for a case where there is no renovation plan, at least for the first 12 months, and see how that impacts returns.Factor #7: Organic Rent GrowthThe seventh and final factor is focusing on organic rent growth.

. # of rentals owned, FICO, and sometimes other factors like liquidity.The rate is basically a function of various underwriting data points (like the aforementioned ones), so it can be difficult to sway a lender.