All Forum Posts by: Kevin Wilson

I have a single family rental. Purchased for approx $110,000 mortgage of approx $90K currently rents at $1240 with a mortgage payment of $950. Can maybe push rent up another $100-$150. Market value and comps put the property at $160K. Class b- / c+ neighborhood.

I may be a little over leveraged personally in my portfolio but not a great amount. Do I keep the rental, or sell and hold the cash for something better in the future?

@Kyle Mccaw plan is to cash out and reinvest so still a BRRRR

@Anna Beckerleg Thansk Anna

Failed BRRRR investment. Purchase price $90K, $60K rehab on a duplex. Currently all cash/not financed. Both units rented for a combined $1700 per month. Not many Duplex comps but probably would sell at about break even or small loss. Disappointed in the rehab work, had a pipe freeze and burst and insurance claim to repair items. Do I 1031 and try and get into a better investment or stay invested and cross my fingers no more issues arise?

@Andrew Thomas

Correct. I guess I got spoiled by my first deal home run 🤣

@Michael Hunt

Disclaimer, I'm newer investor is well just got into my rehab for my 3rd deal which is a duplex. Little different as the prior tenants vacated upon change of ownership. I would have liked to keep the tenant in one unit while doing a complete rehab on the the 2nd unit if they were willing to switch units at the new/increased rent. Then I'd finish the 2nd unit. However May depend on your contractor also and their subs, if they can get work done quicker and cheaper if completely vacant that may outweigh any he partial rent. No reason you can't BRRRR multi family, good luck!

@Sean McMannis

Makes clear sense now. Thanks!

@Scott E.

Excellent, I wasn't thinking about shifting to ROE analysis. Makes total sense. With CoC I had basically a 0 denominator as I have no cash left in the deal so I was confusing myself

I don’t know why but I keep complicating this and can’t figure it out; but if you Refi all your invested cash back out how do you calculate your cash on cash return?

Let’s say your Annual cashflow was $6K.

@Kenneth Mooney

Looking to be $155K invested (purchase price and rehab) CMA's around $160K. Should rent for $2K