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Updated over 3 years ago on . Most recent reply

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Jennifer Arena
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BRRRR investing with $100k

Jennifer Arena
Posted

Is it possible to get into BRRRR investing with $100k savings? If so what markets can you get into with this budget?

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James Wise#4 All Forums Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
19,784
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James Wise#4 All Forums Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
Replied
Originally posted by @Canesha Edwards:

@Jennifer Arena

Hello Jennifer-

This is a loaded question. Depending on the market you may be able to accomplish this. You should look to purchase a home that needs only cosmetic fixes. I would say consider the Cleveland, OH market. I don’t personally invest here, but I receive deals all the time in this market that may fit what you’re looking to do.

Best,

Canesha

 Yea $100k is a pretty healthy budget for Cleveland. If that's a market you are thinking about jumping in you'll want to check out The Ultimate Guide to Grading Cleveland Neighborhoods to see what levels of risk you'll be dealing with.

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