All Forum Posts by: Conte Cuttino

Makes sense @Andrew Freed so say if we I can make it additional legal space, do you think the 107K left in the property for the return is worth it or should I sale and move on? 

Property is in C+ area but in a different School district that’s B-

If I sale I’ll get 30k profit after 9 months.

If I keep as a Long term rental I’ll have to convert the garage into a illegal 1 bed cottage at an additional cost of $35k leaving a total of $107k left in this deal after 70% refi and closing cost.
NOI: $49,536

CoC ROI: 16.57% / CashFlow: $1488/mo

Pro forma cap: 8.26%

Purchase cap: 11.79%

Check out breakdown below 👇🏾

https://www.biggerpockets.com/analysis/rentals/6c76954e-deb6...

***Update Here***
Should I keep Or Sale Gut Flip in B- area.

If I sale my new flip best I’ll get is 30k after 9 months.

If I keep as a Long term rental I’ll have to convert the garage into a 1 bed cottage at an additional cost of $35k leaving a total of $107k left in this deal after 70% refi and closing cost.
NOI: $49,536

CoC ROI: 16.57% / CashFlow: $1488/mo

Pro forma cap: 8.26%

Purchase cap: 11.79%

Check out breakdown below 👇🏾 
https://www.biggerpockets.com/analysis/rentals/6c76954e-deb6...

 OHHH what a brain scrambler Nathan, just when i thought i was gonna sell you hit me with this lol. Thanks alot for the advice it really got me thinking. 

Hello guys

Reno got costly on this last BRRRR deal. I'm a Buy And Hold type of guy but the sale is calling me after running the numbers. FYI: If I keep I will be sidelined for 8-12 months until I can buy another deal. Selling I save 30k on the Reno budget resting in a 107k sale.

What you guys think Keep a fully renovate home for 66k in a C+/B- area or sell for 107k for the next deal?

KEEP

- Cash Flow: $664

- CoC Return: 12%

- Equity: $175k

- Total Left In Deal: 66k

SALE

107k profit

https://www.biggerpockets.com/brrrr-calc/1809608.pdf?c=17117...

Hello guys

Reno got costly on this last BRRRR deal. I'm a Buy And Hold type of guy but the sale is calling me after running the numbers. FYI: If I keep I will be sidelined for 8-12 months until I can buy another deal. Selling I save 30k on the Reno budget resting in a 107k sale.

What you guys think Keep a fully renovate home for 66k in a C+/B- area or sell for 107k for the next deal?

KEEP

- Cash Flow: $664

- CoC Return: 12%

- Equity: $175k

- Total Left In Deal: 66k

SALE

107k profit

https://www.biggerpockets.com/brrrr-calc/1809608.pdf?c=17117...

Hello guys

Reno got costly on this last BRRRR deal. I'm a Buy And Hold type of guy but the sale is calling me after running the numbers. FYI: If I keep I will be sidelined for 8-12 months until I can buy another deal.

What you guys think Keep a fully renovate home for 66k in a C+/B- area or sell for 107k for the next deal?

KEEP

- Cash Flow: $664

- CoC Return: 12%

- Equity: $175k

- Total Left In Deal: 66k

SALE

107k profit

https://www.biggerpockets.com/brrrr-calc/1809608.pdf?c=17117...

Just bought a long term rental in Florence, SC with a non-working pool (ripped liner & old mechanics). Should I leave as is and cover it with a mesh cover for $2800 (really considering this), put a new liner in for 8k (not including new mechanics), or just fill it (don't know the cost on filling at this time)?