Episode 299.5: David's BRRR Strategy

[Omar El Mossalamy]

Hi All,

I have recently began to aggressively look for my first investment property and while listening to the podcast this week I heard David mention his BRRR example, the property which was bought for ~$45,000 and spent another ~$8,000 in rehab. They addressed several questions during the podcast regarding this deal but there was one main question I was hoping some of you on the forum could help answer. Especially as I've been looking into properties that would possibly work with this strategy.

David mentions he closed on this deal quick; less than a week. I was wondering how he managed to assess the damage and repair costs that the property would require so quickly? How do you negate the risk of an issue that would put you underwater?