Don't walk through the units, don't review the leases, and don't review the expenses.

So on today's webinar Brandon said to put everything into action. This is my first time I analyzed a property. EVER. I am so confused. I put in as much info as I could gather at the time. I used a website to get me es...

There is a gold mine of great information on this site and I'd urge you to spend some time reading and listening to the podcasts.

Closing Fee Schedule Lender Points $250 Legal Review Fee $75 Appraisal Review Fee $30 Servicing Setup Fee $30 Draw Company Admin Account Setup Fee $1,250 Attorney Closing Fee **Draw Fee is $200 per draw and a $30 wire fee for each draw wire** 

Welcome @James Powell, I'm from Northwest Arkansas and spend several days a year in the Dallas area.

@Kevin Hogan - You probably need to spend that in education.

They did a "limited review" on the condo certification which doesn't even ask a lot of those questions.Best wishes!

So that means, if I want to BRRR this property and get *all* of the cash/hard money/private money/HELOC money that I put in to buy and fix it, then I should not spend more than a total of $120,000.If I don't mind leaving some money on the table, then I could go over $120,000, but the true idea of BRRRR is to get all (or more) of your initial money back at refinance time.If you' don't quite follow this just yet, no worries, just keep reading on BP and listening to podcasts!

View report*This link comes directly from our calculators, based on information input by the member who posted.

After reviewing all of your comments, I met with my CPA yesterday and reviewed scenarios.