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Updated over 6 years ago on . Most recent reply

User Stats

54
Posts
11
Votes
Logan Reinard
  • Rental Property Investor
  • Cortland, OH (44410)
11
Votes |
54
Posts

Would you do this BRRR?

Logan Reinard
  • Rental Property Investor
  • Cortland, OH (44410)
Posted

I found a seller selling a home that had damage to the front of the house due to a tree following down on it.  This is what I think the numbers will look like

Purchase Price - $20k

Rehab - $60-70k ($27k is fixing the front of the home)

ARV - $90k

Rent in this area goes for $750 - $900/month

It's an older home.  Needs windows, has plaster walls, needs a kitchen update, no ac system and has a boiler

Let me know what you think!

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