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Updated almost 5 years ago on . Most recent reply

User Stats

33
Posts
12
Votes
Robert Johnson
  • Rental Property Investor
  • New Bern, NC
12
Votes |
33
Posts

Looking at first BRRRR property.

Robert Johnson
  • Rental Property Investor
  • New Bern, NC
Posted

Hey BP,

I have a showing scheduled tomorrow for a property I am looking to BRRR. The property is a duplex currently being used as a boarding house for some of the less than ideal tenants. I am interested in the property because it is in the path of progress for our booming downtown, so the property in the long term should appreciate quite a bit. My numbers show about $200 a month in cashflow (not ideal, but willing to take it to get the experience and also my belief that it will appreciate). If anybody has any tips or tricks I should look out for I would really appreciate the insight! Thanks in advance.

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