Mike Terry
A danger of rapidly increasing home vaules...the cashout refi
Something occurred to me today as my neighbor just sold his home for 200k more than he paid for it 18 months ago... beware of the cashout refinance. It is different this time. It always is. It is hard to recognize ...
Ryan Peep
Why the BRRRR method may get your assets frozen
The BRRRR method: Buy, Rehab, Rent, Refinance then Repeat.
This investment strategy attempts to maximize return while deploying the least amount of capital. The idea is simple, put as little down as possible in orde...
Kenyatta Donley
Newbie with Property Under Contract
Hi...I am a fairly new member to the community but have been following the podcasts for a bit. I just wanted to take a second to share that I got my first property under contract. I am based in Philadelphia area and p...
Andrew B.
New Investor Floundering Around
I am sure this is not a unique situation so I am curious to hear what others have to say about their experience and what they are doing. I live in the Cleveland market which is known to be a strong cash-flow market b...
Account Closed
Please 'splain it to me like I'm 12 years old.
I do not wish to criticize, but I have found the Norris Group's postings (here and elsewhere on the Internet) to be long on theory and short on detail. It was claimed at another board that lenders exist for end buyer...
Carrie Giordano
Cost of cashing out -Brrrr
I'm going over my options to cash out on two properties. I spoke with a few local lenders today and was a bit surprised at the cost to refinance. I would love other people's opinion on the current going rates. The len...
Wayne Mack
BRRRR Strategy Question
Hi everyone!I have a question regarding the BRRRR strategy, it has really caught my attention and I believe this is the entry strategy I will employ! The phrase actually made me laugh a few times last night during the...
Peter Morgan
Should I sell & reposition for better returns
Hello,My PITI was $3200 and now suddenly increased to $3700 because of a recent property tax rate increase. Property tax is a whopping $15000 per year now not based on assessments.I make decent rents close to $5000 wh...
Tandi H.
Please explain in more depth IRR
@ Llewelyn A. -You posted this on another thread:"Mike, Jay, like both of you, I buy based on Internal Rate of Return (IRR) Analysis, not on calculations that only tell you what the current year return gives you.I met...
Rohan Gangar
I heard about the 1-2% rule, but where are the deals that fit?
The 1-2% rule is when you purchase a home for $200k and receive $2,000 rent on it. That is extremely hard to find, yet this video says anything that doesn't follow the 1% rule isn't even worth it, as it most likely wo...