Buying Your Next Rental (and Financial Freedom Journey)
Step 1: Knowing your Numbers
Spreadsheet download for Hui Deal Pipeline Club members.
The Hui Deal Pipeline Club is a free investor club where I filter investments and underwrite the numbers and partners myself. Unlike other investor lists and groups, my investors have personal access to me and know that I personally have skin in the game investing alongside with my investors.
What are these property expenses?
Also don’t forget about contract services such as lawn/yard service, snow removal, pest control, or pool maintenance.
Warning: Some nerve-racking property inspection. Don’t watch this if you’re having your meal!
Other expenses not associated with rental property but more as a part of your investor business:
- CPA to do your taxes
- Lawyers to deal with lawsuits
- Most times a professional property management company will handle evictions and pass through costs to you.
- Also don’t forget about LLC costs.
- Stamps, cloud storage, office supplies…
BRRRR - Buy, Rent, Rehab, Refinance, Repeat
I personally would not do Remote BRRRR as there is just a lot of risk with