I have question about BRRRR. I’m going to do my first brrrr deal. I understand that you can technically make any repair item work with BRRR as long as you are all in at 75% of ARV (assuming you’re getting a really goo...
So for the BRRRR method, when you do the cash out refi and pull all of your cash out (making a new loan to pay off the first), can't this ruin your cashflow?
Quick example numbers:
Purchase price= $70k, Rehab=$35k
...
I’m a 21-year active duty military guy who started renting my home after being transferred out-of-state. The home is in Anchorage, Alaska and I live in Atlanta. In 2014, I began doing short term rentals from May-Augus...
I had tenants in on a 2 year lease in CA. They paid rent through the pandemic. But when their lease was up, I wanted out of CA rentals, as they were passing legislation on rent control.. I could not do tenant inspecti...
There are many uneducated people in my area where I rent homes out dropping prices and giving things away for free. This all started about two months ago. Things like cutting the price of a rental 200 under market and...
So far this is becoming a trend. The last two deals I tried to put together have been ruined by the Seller's Attorneys. Reason is because they are telling the Seller's they are leaving money on the table and can get...
I’m starting the process of doing a 1031 where I’ll get about 300k to put towards the the next property. I’m really trying to get to the top in of my buy window (1.1m). One thing that I’m seeing it that large multi un...
The max the loan can be is 75% of the new appraised value. However, the first six months the max the new loan amount can be is no more than the purchase price, closing costs, of the current property at the time ...
Following what I thought was usual procedure for instituting yearly rent increases , I just sent a tenant a rent increase notice to be effective January 1st. Bumped rent about 10%, or $130.
It wasn't more than two ...
San Fran, Seattle, Denver, Austin? What are your thoughts on places with technology as a large sector doing? Some are moving to allow permanently working from home. Hence homes and commercial might dip? These people c...