
10 February 2020 | 3 replies
After running the analysis the purchase cap rate is 7.8%.

8 February 2020 | 2 replies
Door knocking, cold calling, texting, emailing, direct mail.These are the best ways.

7 February 2020 | 2 replies
I think the key for people like us is to just get started, and not fall into what they call "Analysis Paralysis".

21 February 2021 | 13 replies
For whatever reason the report is stuck and saying the "purchase" portion isn't filled out, and won't let me complete the analysis. weird because I have every bar and fill in spot, all filled in.

7 February 2020 | 6 replies
She texts me this today.

10 February 2020 | 3 replies
He is in breach of the mortgage agreement:1) the note was up summer '19 and he did not pay it off neither will record an extension when i asked2) he hasn't paid his monthly interest dues on the mortgage for close to 6 months now3) he was buying time with me by giving me various excuses and now completely ignoring my calls and text msgsThis person is actively marketing his projects/properties/investments here on BPs which is where him and I got connected over a year ago.

7 February 2020 | 2 replies
My tenants informed me on Wednesday, (2 days ago) by text that they think there is a leak in the roof above the master bathroom and sent a picture of what looks like a slight bubble in the sheetrock paint about 2.5 inches in diameter.

7 February 2020 | 2 replies
Here is the Property Analysis using the BP Rental Calculator

7 February 2020 | 3 replies
They are also more likely to understand the business/numbers investors look at in their financial analysis than your average agent.

8 February 2020 | 11 replies
Let's look at an example:You find a property to purchase for $60,000You determine through comparative market analysis that this property has an after repair value (ARV) of $110,000You shop loans and find a local bank that will lend you on 80% loan to value (LTV)You bring in your contractor and determine that the property requires $25,000 worth of repairs in order to be habitableYour budget is determined as follows:$110,000 (ARV) x 80% = $88,000 (the total that the bank with refinance$88,000 - $60,000 (purchase price) = $28,000 left for repairsAs you can see, there really is no "secret" to maximizing the BRRRR strategy.