All Forum Posts by: Justin Young

@William McGuire I have a possible deal I could use another set of eyes on.  If you're up for it let me know.

Any other new investors looking around OKC?  Just looking to make a few friends who are in the same boat.

@Nicholas L. Right, but one could get a good idea of what it would rent for and the ARV based on other comps around the market.

Even if you have to do deeper math on a BRRRR you'd still have to know upfront if the final number would fit the 1% rule.

@Mark H. Porter it matters to see if the deal makes sense....I don't follow your logic.

This is probably a dumb question, but just wanted to clarify my thinking.

Say for instance I have a property with the following data:

Purchase Price: $50k

Rehab: $20k

All In Total: $70k

ARV: $100k

Monthly rent: $750

Money left in the deal after 70% refi: $0

When calculating the 1% rule, should I be doing that on the ARV or the All In Total? Am I missing something else here?

Hi!  New investor. Looking for PM's in my hometown of OKC, OK.

Any recommendations would be appreciated.

History doesn't repeat itself, but it does often rhymes.  As a result I'm curious about your experiences during the 08 crash.

Not looking for opinions, or when you think the next downturn will happen. I'm only looking for stories of people who were investing around the 08 crash and your experiences, things you learned and lessons you can impart.

Please tell us your story.