Flipper/Rehabber · Miami, FL · Member since 2019 · 29 posts · 14 votes
I have a buyer trying to purchase one of my flips
The BRRRR is freaking him out the most because of having to claim the income costs as his kids head into college. For their expected family contributions for college costs - the main indicator of what we will contribute is their income and all is included before deductions.
Specialist · Riverside, CA · Member since 2015 · 6k+ posts · 3k+ votes
6y
What?
How is someone BRRRR ing a flip?
But if he is using financing after the depreciation, the increase in income is likely to be low. Also they probably aren't getting much if they can afford multiple properties anyway.
Rental Property Investor · Reedsburg, WI · Member since 2011 · 1k+ posts · 857 votes
6y
Can you clarity a bit. I have a LOT of experience with college apps and the "EFC", expected family contribution.
Are you saying you would be selling to someone else and THEIR kid is going into college? If so, what are they planning on doing with it with purchase, sale price, rents, etc.....