All Forum Posts by: Eric Dekker

I have a new Rental property that I BRRRRed and is cash flowing relatively well. There is no early payment penalty on the loan. An extra $100/month would equate to the loan being paid off 7 years earlier and $27k in interest savings over the life of the loan. Does anyone have any thoughts on overpaying the mortgage?

@Conner Olsen I am assuming you are talking about cashflow when you are saying $0-$100 / $500 per month?

@Luther Wilson III I'm guessing you are referring primarily to a BRRRR. What kind of purchase price are you seeing and how much of a rehab needed? Are you talking teardown/total gut rehab, or just value-add/updating of the property? I'm curious how hard of a time people are having finding properties to BRRRR given the current market climate of the real estate market and BRRRRing becoming a very well known strategy thanks to BP podcast.

Ok thanks for the input @Jared Hottle!

@Joe Villeneuvewhat kind of strategies do you use to help defer capital gains when you sell the property? Are you doing a 1031 exchange? Or do you use other strategies?

@Jared Hottle so the 1% rule is the primary metric you are using on cash flow driven properties? Is that the only one you look at or are there others?

@Joe Villeneuve I see, thank-you for your responses and you as well @Chris John.

Interesting. Can I ask why you think a property will start losing money at that point? Is it because the money could be used more efficiently to repeat that process again on a new property?

Thanks for the input @Joe Villeneuve. Maybe if I could be more specific, what metrics would you use to determine if a deal is worthwhile to you? I understand the concept to be that every deal wont be 100% CoC or some other unrealistic number, but at what point would you say, "this deal makes enough sense to move on it?" Using what metric does a deal actually become interesting to you?

Hey all, I have heard David Greene talk many times on the podcast about taking "base hits" to keep momentum instead of trying to hit a grand slam every-time. What does a "base hit" look like for you?