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So here’s an example Brrrr just to see if I understand how the numbers work.
House valued: $100k
DP: $20k
Loan: $80k
Rehab: $20k
ARV: $160
Refi: $160k * 75% = $120k
Cash out: $120k - $80k = $40k for next deal
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Economic Update
(Monday, February 15, 2021)
I was never a big believer in “Herd Immunity” until now. The term “herd immunity” represents a hypothetical threshold of our population that needs immunity to the coron...
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A run down house in a good neighborhood is for sale at $230K. It has already been reduced by $20K, but I think the renovation costs will be quite substantial given the list of things that need to be replaced inside a...
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Hi guys, I need your advise/suggestions.When and if you'd invest in syndicators deal what questions would you ask to learn more about the process and vet the syndication. Let's say I am clueless about the whole thing ...
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Ok all you STR pros, get out your red pens, I need some feedback!
A couple months ago I purchased my first STR. The house is in Canyon Lake, which is a beautiful lake known as the Jewel of Hill Country. The market we...
As a developing/newbie wholesaler you learn that you should follow basic steps to get in the game: put up bandit signs, door knock, drive for dollars, etc. So that's exactly what I've done.
I started with Bandit Sig...
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