All Forum Posts by: Russell Miller

Russell - I took a look at both deals and the biggest question I have would the the type of loan you would have at refinance. Is that a 75% or 80% LTV loan? Assuming it's a 75% LTV loan you'll have the following:

1013 - $142k equity in the deal providing $1,200 per year in cash flow. Not much cash for that type of equity.

2545 - $137k equity in the deal providing $600 per month in cash flow. About a 5% ROE. Not bad, but I've seen better.

I would double check your repairs and maintenance numbers on both as they seem low. Of the two deals I think 1013 works better as a "flip" (because high equity with low cash flow) and 2545 works better as a BRRRR given the cash flow relative to your equity in the deal.

Overall, if you can pull out all/most of your money in the cash out refinance your overall returns are "infinity" because you don't have any of your own cash in the deal, just the equity.

Hope this helps!
Greg

Thank you much for the feedback Greg. This is an 75% LTV loan. I'll double check repairs and maintenance to be more conservative. Appreciate it!

0 Votes

Hi, I'm using Flipperforce and the BRRRR analyzer to look for BRRRR deals in Dallas.
I'm having trouble finding deals where I can both pull money out *and* cash flow on the deal. Not sure I'm setting everything up properly.
I'm looking for a paid tutor / mentor to review my numbers in the software, and then go over them with me via Zoom, and help me understand what kind of deals I need to go after to make my investment strategy work.

Thanks

Here are two projects I've looked at recently:
https://app.flipperforce.com/rental-investment-packet/share/817WQnn9nB9gIvcYcnHK45aR3FHLrZzhOe3yBlw6jFB6J5jjSR

https://app.flipperforce.com/rental-investment-packet/share/e5UiXQaMoQK2iQ6J6nhMz60yAhsANPBXWpkegoLGapXgNofnSZ

1 Vote

All Forum Posts by: Russell Miller

Russell Miller has started 2 posts and replied 3 times.

Post: Turnkeys in DFW area

Post: Looking for paid tutor / mentor to reivew & explain financials to me

Post: Looking for paid tutor / mentor to reivew & explain financials to me