Jon Kelly on Muck Rack

Jon Kelly

New York
As seen in: Puck, Yahoo Entertainment, Yahoo Canada, Yahoo News, Vanity Fair, Yahoo, The Yorkshire Post, Dove Medical Press, BiggerPockets, Concord Monitor, The Powers That Be: Daily and
Co-founder of @PuckNews. What got me here: Advisor, @TPG. Founder, @vfhive; and before that: @nytimes, @business, and @vanityfair.
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By Nicole Harrington, Kevin Sobilo, Jon Kelly
| BiggerPockets Verified
@Nicole Harrington, I think you did a pretty good job with the calculator. I do think your 10% vacancy estimation is too high. I use 5% and believe in reality than I can do better than that, but I also think your maintenance and capex are too low. So, overall those 3 even out in the end. One question, why are you only refinancing out $147k. If your ARV is $245k, then you should be able to refinance out at least $183,750 based on a 75% LTV. Overall, I don't think this is a sexy deal at all.
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Rental #2 - First BRRRR

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By Mark Edler, Eric James, Irfan Raza, Jon Kelly
| BiggerPockets Verified
Hello friends. I did this deal in a tough philly neighborhood with my brothers, thinking the numbers were too good to be true. I found out quickly why they were not, but we held on and got the rehab done, tenant occupied, and refinanced as of last week! Bought a SFR for about 40K in cash. We figured the house needed 10 - 15K of cosmetic updates, which it did not.
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Kelly: Let’s focus on substance over outrage

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By Jon Kelly
| Aspen Daily News Verified
I was taken aback by last weekend’s commentary pages. What struck me was not so much the political orientation, but the substance, or lack thereof. Too often, arguments about policy get lost in rhetoric designed to provoke strong emotions rather than illuminate trade-offs.
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