All Forum Posts by: Chris Webb

I would suggest you ask for terms. Many investors I know do "your price, my terms" which will improve your Cash on Cash return. Also, get an independent broker price opinion on the property. Ask some rental agents about the rents. I would not be worried about the population, especially in today's world. $600 is cheap in any market. Especially when comparing to other markets. What are the rents in the surrounding areas? If this is on the outskirts of any higher priced places, the population will probably grow. We are growing in population in this country, generally speaking, so I would not worry about that. Now - I do not know the market and if you have a pulse on the market you will know if this is a gem or trash. Stick with your gut, usually it knows what is best. 

I think you can, but I am not sure. Karl Krentzel out of Tucson used to do wholesaling as an agent I think, you could reach out to him an ask. This has been almost 6-7 years ago though. 

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Hi @Nader Hachem, I use current of increased rates in my analysis. In fact, I have heard some investors who make offers contingent on interest rates, if they go higher, the offer gets lower. There are still deals out there, you just have to look a little harder. We have been pretty spoiled the past few years. Keep the faith, I use Cash on Cash return as my metric and I see deals on the MLS regularly over 10 % at first glance. They provide pretty good cash flow and most are over $200. It does depend on where you are looking. Happy (Deal) Hunting!

Hi @Antonio Cypert, I am not sure if anyone suggested this yet, but you could always look into seller financing where you can determine the amount down you want. The saying I hear is "your price my terms" when it comes to seller financing. Just a thought. good luck!

Hi @Cheza M., take a look at this video. it pretty much sums up my view on BRRRR.

You are asking for advice and I will share with you a direct quote from an investor friend of mine who is doing a BRRRR now. "It is alot more work than I expected!" I would advise against it until you have a few turn key properties under your belt. I see BRRRR as an advanced strategy rather than a first time investor one. Others may disagree, but that is my opinion. Best of luck.

Look Up "One Rental at a Time" by Mike Zuber. It is his story about how he went from 8-80 units and what metric he uses to determine what a good deal is. 

Look at the cash-on-cash return for both the 250k and the 500k and you will see how hard your money is working. This is why I use this as my main metric. Take care. 

You could always share some of your knowledge using YouTube. That is what I do. I have a channel where I share my back of the envelope cash on cash calculation here in Lynchburg VA. It won't monetize right off the bat, but will eventually. Plus if you like doing it, it is really fun. Good luck

Hi @Padric Lynch, I would reach out to Steve Dao , he has a unique product that might work in this situation. He is with Velocity Mortgage.