What does your BRRRR model actually include for the refi phase?
Friday, June 26
Hoping to get discussion on under-modeled refi variables: lender-qualified rent (75% of market), seasoning requirements (3-6 months carry cost), DSCR at stabilization, and reserves at refi closing.Most analyzers do a solid job on acquisition side. The gaps show up at refinance.How are you modelin...
Has a lender ever completely changed your deal numbers at the last min
Friday, June 26
Hey BP community,Wanted to open a discussion on the gap between what your analyzer shows and what actually happens once a lender applies real terms.Things that tend to surprise investors:1. Lender-qualified rent is typically 75% of market rent — not your projected rent.2. DSCR floors vary by loan...
Why I Stopped Chasing the "Perfect" Rent Estimate (And Sta
Friday, June 26
The Problem with Rent Estimates Drew Sygit nailed it: "AI and algorithms don't take into account 'condition' of the properties. A property that's just been totally rehabbed should rent for more than a property that hasn't been updated in 20 years." He's right. Every rent estimate has limitation...