I am currently looking into potentially BRRRRing a property I have found. The property is a 2/1 with 1,136 sq ft. It has been on the market 157 days. I plan on making the property a 3/1 or a 2/2 to increase my ARV.
My question to all of you is which option has given you a better ARV 3/1 or 2/2? All of the comps in the area seem to lean more towards a 3/1. Just curious. Thank you for your time and God bless!
@Daniel Helm have you compare cost and return for both options? How much does it cost to make it a 2/2 vs the ARV for 2/2 in the area. Same with the 3/1 option. Once you have done that, the answer should be very clear.
@Vi K. Great advice! I have compared them and the more effective option would be to make the existing space a 3/1. Thank you for your help!
@Daniel Helm Glad I was able to help. Good luck to you!
Create Lasting Wealth Through Real Estate
Join the millions of people achieving financial freedom through the power of real estate investing