Building A BRRR in Tulsa Area...Possible?
Build, Refi, Rent, Repeat?
So I almost got a BRRR under contract a couple months ago, but the wholesaler sold it to a personal buddy instead. Finding it difficult to find a BRRR deal in Tulsa area. I know eventually I will score with a hud but even those get snatched up. Been considering hitting a couple neighborhoods with direct mail over the winter. But recently I have been thinking what if I could be my own general contractor and build a house for $80 sqft and get it to appraise for $100 sqft. I know building prices are at a high at moment but just curious what others thought. I have a friend who builds in Owasso and said they only make $15k net on a house, which seems low cause companies like Ubuildit make it sound like you can have $40k in instant equity when you are your own general contractor..ha..probably a gimic. Anyways has anyone done this...build a BRRR?