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27 February 2024 | 8 replies
Isn't there another calculator that breaks down all of the added cost to fund the rental property?
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28 February 2024 | 6 replies
., I hate to break it to you, man; you won't acquire a fantastic off-market deal overnight.
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29 February 2024 | 6 replies
After doing some research on the ‘director,’ Kory, he’s actually just a freelance/self-employed salesman based in Utah… I should have sniffed it out earlier in the process than I did because even in the 1stinterview, some of the early questions from the screener included how much money I make, how much I have in my bank accounts, my credit score, how much credit card debt I have, and what my credit card limits are…I was then asked if I was willing to ‘leverage my credit’ aka max out my credit cards to be successful.
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29 February 2024 | 10 replies
Hard money lenders, and private institution lender/businesses will only loan 70% of arv including the rehab cost, with experience.
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27 February 2024 | 4 replies
Are you looking for something that cash flows, or breaks even in perhaps a nicer neighborhood.
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28 February 2024 | 1 reply
Also, what would you recommend including?
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27 February 2024 | 26 replies
Make sure you include that in your calculations.
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28 February 2024 | 20 replies
I would think that the water would seep in where each plank joins and that the glue would end up breaking down from this and the floor lifting.
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28 February 2024 | 3 replies
If you include lost rent, damages, etc., then yes, it is very expensive.
27 February 2024 | 30 replies
It is a little more challenging to break even on a BRRR in TX because of the property taxes and insurance so you might not be able to pull all your money out of the deal but I wouldn't let that turn you away.