Patrick MenefeeFeb 45 minBank St BRR-lip | Are You Tracking Your ROE?In real estate we often talk about cash on cash return, which is how well our cash is performing, but talk less about return on equity. That
Patrick MenefeeDec 30, 20206 min5 Lessons From My First Finished Flip!Remember when they told you that your network is your net worth? I don't know who "they" is, but they're absolutely right!
Patrick MenefeeNov 14, 20206 minFirst Flip Failures - 9 Lessons That Created the Nightmare on NewellMistakes, while painful in the moment (and maybe for a few lingering moments as well), are only truly bad if you fail to learn from them
Patrick MenefeeOct 29, 20206 minCompleting My Very (im)Perfect BRRRR!The beauty of the BRRRR strategy is that it still works, even if you change the order a bit like I did!
Patrick MenefeeOct 14, 20205 minFlip #2 - Learning From Past Mishaps!This property brought together the quintessential elements of an investment acquisition - a wholesaler, hard money, and contractor trouble
Patrick MenefeeOct 13, 20204 minMaking the Switch - Tackling My First Flip!After a year of focusing on rental cash flow, I realized it was time to add flipping to the business model if I was to continue growing
Patrick MenefeeJun 7, 20203 minSeller Financing, a BRRRR, and 14 Units Under Contract!I don't know if you're aware, but I love multifamily properties. A lot. So it's time to pick up a few more!
Patrick MenefeeJun 4, 20204 minStatesville Update - BRRRR Officially Complete!I was introduced to the BRRRR concept as I began learning about real estate investing. Fast forward 18 mo and my BRRRR was a huge success!
Patrick MenefeeJun 4, 20205 minBrown St Duplexes - 3 Themes in a Successful DealThe lessons from these three themes are what allowed us to successfully close the deal. Apply them them to your business!
Patrick MenefeeMay 8, 20203 minGastonia Quad - 99 Problems and a Rehab is MostIt's been 2 months since #toiletlady moved out of Unit 3 in my fourplex, and the other tenant was out of Unit 2 shortly after. To say...
Patrick MenefeeMay 7, 20203 minStatesville Update - The Longest Rehab, a Lesson in CoordinationThe entire goal of this property and rehab was to subdivide, improve units, and get all 6 stabilized to complete the partial BRRRR
Patrick MenefeeMay 5, 20203 minRent's Due! April Rent AnalysisWhen the beginning of April rolled around with the economy reeling from Covid-19, the question at the forefront of any landlords mind was...
Patrick MenefeeApr 29, 20205 minThe Most Important Concept you Forget - Sunk Costs!"A cost that has already been incurred and that cannot be recovered" is the way it was defined by a Britannica article
Patrick MenefeeApr 28, 20203 minUnder Contract - 2 Acquisitions, 3 Properties, 8 Units!The two duplexes will result in a near perfect BRRRR, while the quad will be a nice cashflowiing buy and hold!
Patrick MenefeeApr 23, 20203 minGastonia Quad - Demo, Painting, and Flooring in Unit 2The work on Unit 2 has been going on for a little while now, and thanks to Covid I'm saving some money and doing a lot of the work myself!
Patrick MenefeeApr 17, 20202 minSalisbury Update - Rehab Complete!February 26, 2020 I did a horrible job of updating the progress on the website, so if you want to catch up on more of the detail of the...
