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All Forum Posts by: Kevin Wilson

Kevin Wilson has started 24 posts and replied 119 times.

Post: BRRRR in Clarksville Tennessee?

Kevin WilsonPosted
  • Rental Property Investor
  • Oceanside, CA
  • Posts 121
  • Votes 58

@Todd Rasmussen excellent! What’s the main industries out there? How far from Nashville?

Post: BRRRR in Clarksville Tennessee?

Kevin WilsonPosted
  • Rental Property Investor
  • Oceanside, CA
  • Posts 121
  • Votes 58

@Sally Fairchild great Sally I’ll message you if that’s ok?

Post: BRRRR in Clarksville Tennessee?

Kevin WilsonPosted
  • Rental Property Investor
  • Oceanside, CA
  • Posts 121
  • Votes 58

Is anyone investing in Clarksville, TN? How is the rental market here? Is it good for BRRRR?

Post: First BRRRR (well almost) by the numbers

Kevin WilsonPosted
  • Rental Property Investor
  • Oceanside, CA
  • Posts 121
  • Votes 58

@J Massey yes I take 50% of cashflow for repairs and capex

Post: Areas that with houses for 50k

Kevin WilsonPosted
  • Rental Property Investor
  • Oceanside, CA
  • Posts 121
  • Votes 58

@Joe S. Is that ARV $50K or before? Can find some in Pittsburgh.

Post: Wheels up! International BRRRR?

Kevin WilsonPosted
  • Rental Property Investor
  • Oceanside, CA
  • Posts 121
  • Votes 58

Has anyone invested internationally? What markets? I'm curious about BRRRR investing overseas. Curious about the UK? I should mention I'm a pretty new investor but definitely fired up thinking about this.

Post: First BRRRR (well almost) by the numbers

Kevin WilsonPosted
  • Rental Property Investor
  • Oceanside, CA
  • Posts 121
  • Votes 58

@Alice Huang Thanks and good luck on yours, Contractors are my biggest challenge so far but not impossible.

I’m pretty conservative so definitely factoring in repairs and cap-ex at a combined 50% of cashflow. Also putting the rest of my cashflow either directly back into cash reserves or future investments. Figure I’ll pay myself later!

Post: First BRRRR (well almost) by the numbers

Kevin WilsonPosted
  • Rental Property Investor
  • Oceanside, CA
  • Posts 121
  • Votes 58

@Whitney Hutten Thank you! Felt like a lot of luck and a little skill 🤣

Post: First BRRRR (well almost) by the numbers

Kevin WilsonPosted
  • Rental Property Investor
  • Oceanside, CA
  • Posts 121
  • Votes 58

@Jeremy Levine smack dab in the middle of COVID. It ran a little long as I think they were looking at a lot of owner occupied as a priority. Also I think because of the demand the closing costs were a little higher than normal.

Post: First BRRRR (well almost) by the numbers

Kevin WilsonPosted
  • Rental Property Investor
  • Oceanside, CA
  • Posts 121
  • Votes 58
Originally posted by @Jack Plantin:
Originally posted by @Kevin Wilson:

@Jack Plantin I did a cash out refi of my primary so obviously some costs there for the initial cash. No issues with the conventional loan but I was right at that bottom limit of what they would lend on.

It’s crazy looking back how it all came together; definitely not perfect but I’m glad I had relative success for my first one as it gave me the confidence I need to push ahead!

Great man, sounds good! I checked out the houses in Pittsburgh and there are definitely a lot of affordable, older houses. Best of luck with future projects.

Thanks!!!

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