Then if the appraisal comes in even 5% under your ARV projection, suddenly you're leaving way more capital in the deal than planned.The way I've been stress-testing deals is running multiple scenarios before making an offer.

That's actually only ONE of the four profit centers in real estate.Think of BRRRR as stacking multiple returns.

Here’s how I’d think about it as someone who owns multiple multis across Chicago and watches taxes/neighborhood cycles pretty closely:Woodlawn (Option 1):You’re absolutely right about competition.

Buyers definitely don't want over priced but low occupancy during the years it takes to create a destination isn't what many would elect to pursue and there are multiple reasons a majority of tourists go to the same places.

At the very least, I hope that pursuing legal action will give the contractor pause before engaging in similar conduct with other clients.That said, there are certainly lessons learned from this experience that I will take with me going forward.

She has multiple properties, is it 70 to 100 properties ?

It's always a good idea to speak with multiple lenders, which I would suggest to you.I'm assuming your lender said you need to rent out your existing home because most likely your DTI won't qualify you for two mortgage simultaneously.

I generally take the first qualified applicant, but in the case of multiple qualified candidates the scoring model allows me to decide who the best applicant is and to avoid using discriminatory practices.

House hacking a duplex is a great first move.There are a few solid ways to dial in market rent, and I like to cross-check multiple sources rather than rely on just one:• Rentometer – Great for quick validation.

Doing this, you can actually define multiple micro-markets within that area, each will be separate because of different sq, ftgs.Now, you have pre-determined all the properties in that area.