All Forum Posts by: Thuy Pham-Satrappe

@Adam Gollatz the $250 takes into consideration the interest from the HELOC, so the $200 is what's left over after PITI, a "what if" fund for vacancies, repairs, etc., and PM fees.

I suppose it doesn't really apply for me to do a COCR calculation if I'm using borrowed money- I'm just so used to doing it at part of my numbers crunching!

Thanks!

@Jerry Padilla thank you!

@Chris Martin thank you!

Has anyone successfully been able to get a loan/refinance a cash purchase (when the cash was taken from a HELOC?)

I am buying my first rental property using cash from my HELOC, and I just heard of the BRRR strategy which I would love to be able to implement if I can. Anyone have success with this?

@Adam Gollatz maybe I'm getting my numbers mixed up.

If I take out a $50,000 loan from my HELOC to purchase a property, my monthly payment is approx $250. The property cash flows $200 (after expenses including the cost of the loan)

ROI (monthly): $200/$250= 80%

COC (annually): ($250 × 12)/ $50,000= 4.8% (I rounded up to 5% for simplicity)

What am I missing or miscalculating?

Hello!

So I've been running numbers on a rental property where the ROI is fantastic (80%) but the COC isn't so hot (5%).

At what point would it be wise to focus more heavily on COC vs ROI?

I'm also learning the BRRRR Method, so not sure if/ how COC factors into that if we are getting our money back after we rent it out?

Thanks in advance for your insights!

@Michinori Kaneko thank you!

Hi All!

I am looking for a property management company in the Fort Wayne IN area and came across Select Management Property Pros.

They seem to have a good business model and one of the owners is an investor himself which is definitely a plus, but they charge a leasing fee (to find and get a qualified tenant into the property) equal to 1 month of rent, which comes out to an additional 4%-8% on top of the monthly 10% maintenance/management fee depending on how long the tenant stays. Seems expensive to me but may be worth it to have quality tenants. Also dont know if that's standard for the area with the hidden fees I hear get charged?

Hello! My offer was just accepted for an out of state property in Roanoke, IN which is in Huntington County. Can anyone recommend a good property manager for that area? Please and thank you!

@James Gates this is amazing and so encouraging for a new real estate investor who is also from SoCal! Congrats on your successes!

How did you find and manage a team for the rehab remotely?