All Forum Posts by: Steve Holly

As a real estate agent, tile gives a higher perception of value, whereas an insert gives a lower perception of value.  Now some might rightly say, "sure, tile is more expensive", but go and price out some inserts and you'll soon realize, like most things, you can spend as much as you want.  Right or wrong, tile will more than likely, give the warm-fuzzies to a buyer or tenant.  With that said, if its for a rental property, I'd probably go with a nice-looking, yet cost-effective insert and get the "wow factor" from other items.  

As a landlord, the inserts tend to be lower maintenance, easier to clean after tenants move out, and are generally more forgiving.  If, in the unlikely event it's destroyed, it will be easier to remove, and cheaper to replace.  

Hi all, trying to wrap my mind around BRRRR. It all seems straightforward enough - Buy, Rehab, Rent, Refi, Repeat... the part I'm having a hard time with is the refi and repeat. Since banks use debt-to-income to qualify/approve you for a loan, how do you get around the "debt" part, since income isn't yet established? Perhaps I'm overthinking this, but I would be a real bummer to close on a deal, and not be able to refi and repeat. Thanks all!

 I’ve been a real estate agent for nearly 10 years but I’m going to start investing. I’m surprised how much of a different perspective is needed for investments versus residential real estate sales. Anyways, I am planning on talking to a few different agents in a few select markets. Since these will be markets that I am unfamiliar with… What would be the main 3 to 5 questions that you would ask to better understand if that market is a good investment opportunity? 

We are looking to do our first BRRRR. My local market has gone up considerably in the past 3-5 years. Back then you could get a livable, rent-ready 3/2 home for around 100k... today, the gnarly ones are around 120k. We just got an accepted offer for 85k on a house where the floors are uneven, and in need of some structural resupporting. I had a contractor come out who said he could properly resupport the floors, but trying to make floors level again would likely open up a lot of other problems... anyone have an experience or advice? We don't want our first BRRRR to be our last.