Local Soil conservation and County Supervisors met.  

Hi @Stan Koper I lean conservative, It is very unlikely I would vote for newly elected mayor of NYC in my life time.

Use conservative vacancy and maintenance numbers.• Vacancy: minimum 5%• Maintenance: minimum 10%Distressed properties need even more.

How aggressive (or conservative) are you being with ADR for small single-family STRs in this zone?

The big lot, privacy, and flexibility are attractive if you’re thinking about something unique.But you’ll still want to confirm exactly what the county allows and run a conservative STR analysis to be sure the numbers make sense at an $800k price point.

There’s a lot of noise out there, and your post cuts straight through it.believe it or not I am asset rich and income light but it is because 1) I Believe in RE leverage so my cash flow is minimized 2) I am “retired” meaning I have no w2 job, my job is managing our assets.I am still in the hunt for a good RE investment but I am being very selective and most would consider my underwriting conservative (I hope it is conservative but do not think it is very conservative).  

Too conservative?

I'm a very conservative investor and may look hundreds of deals a year, and at the end of the year only invest in 4-5.

If you do provide those be conservative, let the buyers verify their own numbers.

From what I’m seeing across BRRRR deals in the Triad (Greensboro / Winston-Salem / High Point), most experienced investors target a refinance LTV in the 70–75% range.Here’s why that band tends to work in practice:• 70% LTV — Most conservative and most resilient.This usually allows investors to:– Recapture the bulk of their rehab + acquisition capital– Maintain strong DSCR even if rates shift– Absorb a soft appraisal without sinking the dealMost lenders also price better in this range, which helps long-term cashflow.• 75% LTV — The “industry standard” for BRRRR refinances.This tends to be the sweet spot where:– You recover enough capital to recycle into the next project– Debt service stays manageable– Cashflow remains positive even with today’s higher rate environmentA lot of Triad investors settle here because the rents usually support it.• 80% LTV — Only works when the rehab is tight and the ARV is rock solid.You can pull more cash out, but:– DSCR compresses fast– Cashflow can get thin– Appraisal risk becomes much higherMost investors only go this high on lighter rehabs or when the numbers are extremely predictable.In short:70% = safest,75% = most common,80% = possible but narrow.Always interested to see what other markets are trending, but these are the ranges that consistently work for BRRRR investors here.