BRRRR Close

Congratulations on the close. I'd love to dive deeper into the numbers. What kind of pro-forma rent bumps are you expecting, and how did you arrive at that figure? Additionally, what expeense ratios are you anticipating, and have you factored in any potential increases in property taxes or insurance? The refi appraisal came in at $375k, which is a significant jump from the purchase price. How did the lender size the loan to the cap rate, and what's the expected cash-on-cash return? I'm also curious about the rehab process - what were some of the major renovations, and how do you plan to mitigate potential risks in a high-risk, high-reward strategy like BRRRR?

Congrats on the close. What were your vacancy assumptions and how did you handle CAM reconciliation? Also, what's the tenant credit like?

Congrats on the close, but I've got to question that appraisal value. What was the actual appraisal report like? How much capital did you really pull out after closing costs and what are the rental prospects looking like in that Phoenix neighborhood?