8 October 2021 | 5 replies
Hello Memphis BP, I just wanted to share that I finally completed my first BRRR deal sorta.Purchase Price: 76k (I bought this property from a rehabber in 2019)Purchase Method: CashMonthly Rent: $1,150Appraisal: 190kCash out Refi 120k (minus 7k for closing cost plus points) cash in hand was roughly 113What I learned during the process: Important to show income on your taxes I have a W2 so not having my properties on my personal w2 did not kill me but if you're a full time investor trying to not pay taxes or showing properties as a lost may hurt you when trying to refi.
6 October 2021 | 2 replies
The hope with that one was to both control the neighborhood and to make a little money, it's doing very well also.
8 October 2021 | 3 replies
And which tenant will control the thermostat.
7 October 2021 | 0 replies
He proceeded to tell me about his last job that he had just lost 3 days before and the reason he lost it.
22 November 2021 | 28 replies
Duplexes are typically covered by the state wide rent control law.
8 October 2021 | 15 replies
It’ll change the way you think about it and it will also put control back into your hands.
7 October 2021 | 3 replies
If you don't narrow down you'll get lost in a sea of numbers.
5 November 2021 | 19 replies
Simple reason- Inability to control an HOA costs and rules which can affect our bottom line.
11 July 2022 | 17 replies
He moved out of the area and we lost touch for years.
11 October 2021 | 3 replies
So, unless your property appreciates on its own which you cannot control you may not be able to refinance out money to buy the next house.