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Attention Professional Cold Callers--Need KPI Help
Direct mail has been working fairly well for me for the last few years, but I deceided to go on the offense and dive into the world of cold calling. Ironically I ran a telemarketing firm in the early 2000's and can sa...
Katy Fry
Credit Score Issues
HiI am currently looking at purchasing a 50-60k rental property. My first. I am looking for a loan for that property but it is a little bit of a "non-conforming" property and I also don't have the 20% down for a con...
John Alosio
Over My Head - Apartment Complex
Hello BP community
I am in a situation that I am looking for some advice on.
A little background to start: I bought my first investment property 3 years ago. I currently hold 2 cash flowing duplexes. I am looking ...
Bade Raju
50% rule in evaluating rental property
Hello All, I am evaluating a property at 140K for a rental. The rent is 1200 per month.I inputted all the values in rental calc and found negative amount in 50% rule. What is expected amount in 50% rule? Wha...
Dave Messier
BRRR in the midst of interest rate jump
Hi guys, long time listener first time caller. I have a BRRRR with my sister in Roxbury, MA. We purchased it in Nov 2020 for $770k, my sister did a fantastic job on the remodel it instead of the 12 mo timeline we had ...
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US v. Canada House Prices. A Widening gap. Canadians may apparently be upset about this
In terms of the widening gap between US and Canadian house prices since 2006, this seems to be a strange economic phenomenon. It is almost as if the US prices are artificially suppressed as both markets appear to have...
Robert Rodriguez
Should I open a HELOC or pay off my house
Few years ago my wife and I made the decision to pay off our rental property. Not my thoughts but hers, she just felt more comfortable/less pressure knowing we didn't have 3 mortgages due (our own and two rentals). Of...
Tom Kuhen
Can you use a HML for rehab while getting a traditional mortgage?
I've been trying to find creative ways to finance a deal that I am analyzing and haven't been able to find an answer to this question: Can I use a HML to cover the rehab. costs of a flip and down payment on a house, w...
Brian Larson
BRRRR Calculator/Analyzer
I am not sure if this is the right place or not but I have recently bene going at the BRRR strategy exclusively and have build a spreadsheet that lets me quickly analyze a deal that comes across my inbox. I hope this ...
Nick Robinson
Maintenance fund for larger multifamily
Quick question for my apartment owners. How much money do you set aside for maintenance? For single family houses I usually plan on keeping 10% of the purchase price. For example $100,000 keep a maintenance fund aroun...