Quote from @Alex Holmstrom: Flipping is a great first step..

Hey everyone , I'm just doing some yearly cleaning and realizing I'm paying $400 a year for BP and the only thing i still use from when i signed up is rent redi. that's $140 a year. so I'm trying to cancel membership BUT I don't see anything to cancel just change plans or update payment method.

To build on that, the strategic value for me has been treating a quality cost segregation study not just as a compliance step, but as a capital planning tool....  

Also I put up a porch with a covered roof at the side door instead of just a little step platform with nothing over it, if that might help a bit.Here is some information from the Loan Application we signed at the closing:30 year conventional loan bought 06/18/2020 Loan Amount $95,200 Sale Price $ 112,000 Interest Rate 3.375%Homeowner's Insurance $31.73 per month for 3 mo. $95Mortgage Insurance $21.42 per month for 2 mo. $43Property Taxes $139.08 per month for 5 mo. $695Here is some information from the monthly Loan Statement:Explanation of Amount DuePrincipal 183.82 Interest 237.06 Tax and Insurance 209.34 Regular Monthly Payment $630.22Account InformationInterest Rate 3.375% Principal Balance 84,288.81 T&I Balance 1,177.87 Maturity Date 08/01/50Thank you for any help figuring out how to get lower monthly payments!!

The best next step is to review the full scenario with a lender who can look at purchase price, rents, DSCR, reserves, and overall leverage together.

The BRRRR method has definitely become more difficult.

All leads have a scheduled follow up and next step.

Now I have 28 units through the brrrr method.

They’ll push others to their max, let ego and adrenaline do the damage, then step in only if the numbers still make sense.

If house-hacking-as-the-first-step-to-portfolio-building is your jam, I'd love to connect,Thank you,Matt