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4 June 2021 | 12 replies
We did sort of a hybrid live-in flip/BRRRR type deal.
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3 June 2021 | 0 replies
I'm not sure how to make the loan payoff on the ending graph go downward on the BRRRR calculator.
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11 June 2021 | 4 replies
I am a newbie to this forum and in need of some help. Hopefully I'm positing to the right forum. I bought my first house in Aug 2020, renovated it, and June 1 2021 it is currently rented. I put about 120k in renovat...
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3 June 2021 | 1 reply
The following write-up is a detailed analysis on the numbers, from purchase and closing costs, to rehab, to rent and cash flow, to the refinance, and finally to the sale of the property.The process of buying, rehabbing, renting, refinancing, and then repeating the process by using the refinance proceeds to purchase another property, was used here (BRRRR method).I thought it would be interesting to do a post-mortem analysis on this investment, and see how things worked out.Post Rehab Picture of the Kitchen.PurchaseOn 1/31/2020, I purchased this single family home for $77,000.The loan terms were a 30 year loan, 5% interest rate (higher rate since it was before rates began to fall, as well as from being on an investment property with a lower loan amount), and 20% down.Cash to close was $15,400 for the down payment ($77K * 20%), $3,750 in closing costs, and $350 for the inspection, for a total of $19,500.To fund the down payment, closing costs, and inspection, I used a HELOC (home equity line of credit).
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17 June 2021 | 8 replies
I am looking to acquire my first property using the house hacking method.
3 June 2021 | 4 replies
I was planning on doing a binder method to the tenant and getting a raise in rent locked in.
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3 June 2021 | 2 replies
Depending on what I find, I feel I can go three directions with it, BRRRR, Buy and hold, or flip.
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3 June 2021 | 0 replies
I have plugged in the numbers for a practice analysis and couldn't help but notice that the loan payoff never declines over time. Can I get any help?
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4 June 2021 | 6 replies
I get that Redfin does not use the traditional methods.
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3 June 2021 | 1 reply
Let's say you do a brrrr deal and the ARV of the property comes back less than expected.