BRRR Deal In Florida

[Joseph Sanchez]

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[Jaysen Medhurst]

@Joseph Sanchez:

• Expect at least 6 months to refi based on an new appraisal.
• CapEx and Repairs are low. I like 15% combined. May even be higher, since this is such an inexpensive property.
• Water/sewer looks high for a SFR. Call the town and see what the last year's bills were. If they were $100/month, you may have a serious leak.
• Insurance looks quite high. Call a local insurance agent.
• Why a 15-yr loan? Consider a 30-year, paid off as a 15. This gives you a lot of flexibility.