Kiosha Boyles
Tips to get started
1. How much cash would you recommend having in reserves before buying a STR? 2. Also, would you ever recommend getting a personal loan to cover the down payment or renovation costs?
Kerrie Dare
Do you use 50% expense estimate or itemized expenses in analysis?
I'm about to start analyzing 150 deals over the next 90 days to get more experience. In your deal analyses, are you typically using 50% expense estimates or itemizing expenses? My general idea was to start with the 50...
Klint Ruud
GC QUOTES VS ACTUAL REHAB COSTS
Okay guys! So I've been crunching some numbers on a deal and I have my formulas that I go by with rehab costs but as of late I have been getting some crazy quotes from general contractors. This is a deal in Nashville:...
Jesica Robbins
PMC Question on Liability for Significant Repairs?
We have a single family rental home (long term rental, tenant occupied) that is managed by a PMC. Our home received damage last month due to a wind storm which tore shingles off the roof and tore a part our fencing, r...
Adam Craig
Keep this exterior paint color or go new?
The house is in need of scraping and painting. Do you like this current two tone or would you change it?
Adolfo Armenta
Brrrr help on a multi family
I am trying to get into a property off market deal. What do you guys look for to see if the deal works? 8 rooms total. I was thinking of doing 2 units per floor (3 bedroom 2 baths per unit). It is 3 stories. All windo...
William Gharis
BRRRR Home Inspections
Will a standard home inspection work for BRRRR, or would a more intensive/thorough home inspection be necessary? If the home is distressed, I would assume that much of the interior finish is in poor condition anway (n...
Mae Jefferson
How Can I Analyze Deals With No Idea How Much Repairs Will Cost?
I am trying to practice analyzing deals but I always get stuck when it comes to renovations. Is there a standard or rule of thumb to estimate renovation costs? I know every property is different - does anyone have any...
Brandon Morgan
Owning rentals. condo vs. Single family cash flow.
Hi all, my plan is to own rentals long term and receive cash flow. does it matter if I go for a single family or Condo? assuming the condo unit lets me rent it out. my plan is to live in the condo/ SFR for a year and ...
Javen Wilson
Buy now or wait and save?
My name is Javen Bowman and I am 19 years old (turning 20 in August) and I'm wanting to get into real estate and flipping houses very badly. I know I could probably get a loan for a house and I found an area that I wa...