All Forum Posts by: Mason Aulsbrook

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@Benjamin Mccraken Yes, we are putting a metal roof on top, looking at 4K. I also had the rehab priced out from a contractor.

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This is a 3-2, 2,000 sq foot mobile home. How do you value a depreciating asset? The potential cash flow is good but i'm not sure how to value this over a 5-10 or even 20 year span. The house was built in 1999 so its over 20 years old already. What are your thoughts?

@Richie Thomas, This property would be considered a "B" in this area. This house is an older house, however I had a contractor go out to the property with me and the only thing it needs is a new roof and few touch ups on the inside. It has some ugly carpet and wall paper but going in an replaces that will not allow you to rent it for more here. I do plan on management this myself, I don't think there will be to many issues as I have several realtors who own houses in this same area and never have any problems.

My biggest problem is determining whats better more cash flow up front or less down to buy more houses. From the comment above it makes sense that saving cash to buy more properties out-ways the income from 1 property.

I assume the money to purchase more out-ways the cash flow of one. I’m sure on 80%. What is your minimum cash flow you shoot for? Seems $100 plus a door is what is average.

How far of a loan term do you do? You go low or high as you can to insure Cashflow? 

Thoughts on this property? This is a BRRRR property. Would you use the Total 80% from appraisal to minimize out of pockets which generates less cash flow or use less and more out of pocket for more cash flow? Also what loan term do you typically do? 15-20-30?

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Thoughts on this property? This is a BRRRR property. Would you use the Total 80% from appraisal to minimize out of pockets which generates less cash flow or use less and more out of pocket for more cash flow? Also what loan term do you typically do? 15-20-30?

@Brian Ellwood I’m just getting started and cannot do anything in this market. How can I buy off market?

Dave on your webinar for finding a market with BP insights you provide a spreadsheet on Market Analysis. Where does your property price data come from? I cannot seem to find that information that matches what you guys show..