All Forum Posts by: Robbie A.

There is tons of info on Renatus on this forum as other people have said. BP was started due to classes/seminars like Renatus and the "gurus," charging thousands of dollars for an REI "education." Personally, I think there is SO much knowledge here on the forums, blogs and especially in the podcasts that you really shouldn't need one of those courses. But I am literally just getting started with my first deal after years of researching, reading, self-educating and talking to people so take it for what it's worth (paralysis analysis is very real, ha). Either way, good luck!

Thanks for the input, @Mark Graffagnino, super helpful. Since the tenants are currently in place I never even considered if they were Sec8 or not... Looking at the leases, it doesn't seem that they are but I'm not sure if I'd be able to tell either way. I did briefly meet with them and they both seemed great. It is definitely in a rough neighborhood with a LOT of empty/abandoned homes so it's probably still just as you remember.  

How much further out are your other two properties, if you don't mind me asking?

Hello BP,

I am a first-time investor looking for some brutally honest feedback on an MLS duplex in the West Atlanta area. It is turnkey for the first year and attached is the BP calculator numbers. The numbers I put in were very conservative, including the 20 year financing (which I'm not married to) and the low insurance quote. Tenants are currently in place and paying $1445 altogether so there is cash flow and since it's a first deal, I may drop the property management company.

It is being inspected this Saturday and basically, I am looking for a reason not to buy it... 

So tell me... Why should I not invest in this property?

@Aron Cohen, ah okay the LTV is where I was confused. So to break this down from a "first deal perspective," you get the first property with cash, repair/refinance and then get an LTV loan of 75% of the newly appraised value of the home, then take that loan (so it's no longer cash at this point) and repeat the process on the next property. So with this strategy, you only need cash for the initial property and then use LTV loans for all other properties? 

Really appreciate your time and thanks for answering everyone's questions! I need to start doing some digging on LTVs.

Congratulations, @Aron Cohen! 

Long-time forum lurker and podcast listener — I'm a complete newbie so when you say you are able to cash out $206,000, what exactly do you mean by that? I understand with the newly appraised rehabs that you have created equity but that's where it starts to get fuzzy for me. How do you take that "cash out" and buy more properties? It is here in between refinancing and repeating in the BRRR strategy that it starts sounding mystical and magic and I can't quite make it out.