Looking for advice from successful investors in the flipping industry or BRRR method. We are newer to real estate and I have a potential deal that is in a rural area but since it is from a family member I get first dibs on it. They have a lean on the property and owe more than what it's worth.Can someone help me run numbers to see if it's even worth it? I have photos of the property and everything about it. I would like to rent it out but I'm up for a potential flip . Please only DM me if you have had success in these strategies prior. Thanks 馃槉
Looking for advice from successful investors in the flipping industry or BRRR method. We are newer to real estate and I have a potential deal that is in a rural area but since it is from a family member I get first dibs on it. They have a lean on the property and owe more than what it's worth.Can someone help me run numbers to see if it's even worth it? I have photos of the property and everything about it. I would like to rent it out but I'm up for a potential flip . Please only DM me if you have had success in these strategies prior. Thanks 馃槉
Hi @Jade Frank! Regardless of the numbers, do you have enough money to pay all cash? Given that it's rural and buying from a family member will probably limit the pool of lenders IMO.