This allows you to refinance your mortgage, take out a new loan, and pull out the equity as cash.

This is my first post on BP after watching so many videos.

John is right about the enemy method, its the only accurate way to estimate revenue.The blanket estimated revenue amounts on analysis websites like AirDNA can be a decent baseline, but generally include too big a pool of properties to give a very precise estimate.The way I use the enemy method: Sign up for a pricing software that has market analysis (I use PriceLabs but most of the pricing softwares have this feature).

What made you interested in investing in this type of deal?

Hope this helps!

If you aren't comfortable providing the information, then simply tell the tenant you can't provide a reference....that also speaks volumes.

I say this all the time and it's echoed above.The best CRM is the one that you will use.

Also, check out this article for more details: https://www.biggerpockets.com/blog/brrrr-loans-what-are-the-...

My name is Katie, and I'm excited to join this community and start my real estate journey.

Hi, I am attempting to develop something similar to this on an R-5 lot in Atlanta.