Skip to content

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

3
Posts
2
Votes
Aaron Pues
  • Lender
  • Minneapolis, MN
2
Votes |
3
Posts

First BRRRR Newbie Investor

Aaron Pues
  • Lender
  • Minneapolis, MN
Posted

Hi all! I'm a newbie investor in the Saint Paul, MN area. I just purchased my first BRRRR, it's a duplex that needs some love :)

We received our bid back from our contractor and we were wondering what are some things we could do to lower our rehab costs.  Not cutting corners by any means, but since it will be a long term buy & hold what are some things we could do to save money on materials & labor.  

I know this is a generic post, but I'm just mainly looking for some guidance on the first of many BRRRR's.

Thanks in advance!

Most Popular Reply

User Stats

1,630
Posts
1,682
Votes
Tim Swierczek
  • Lender
  • White Bear Township, MN
1,682
Votes |
1,630
Posts
Tim Swierczek
  • Lender
  • White Bear Township, MN
Replied

@Aaron Pues can you list what the current scope of work is? @Jaron Walling's suggestion is a great way to save money but another way is to focus on items that will improve the value or improve rent.  It's very possible that you are using your own bias as to what the scope of work is and an experienced Realtor or appraiser might give you a better feel for the projects you should take on now.

  • Tim Swierczek
  • Loading replies...