Hello bigger pockets! I have been reading and learning for a few months. I finally purchased my first property in Wichita and am in the process of rehabbing now. I am not someone that posts to sites much but I am jumping in as I am starting to see chances for me to contribute and reply. I have lived here for many years so know the areas fairly well.
Hi Colin. Welcome to BP! Are you able to post more info about the investment? Sale price, rehab etc. That way it's more interactive and we can comment!
Thanks Al, yes here is info on the first brrrr project. The house is a Single Family home, 2 bed, 1 bath 800 sq ft. I bought this off market for $25k. My initial rehab estimate was $16k to $18K. The ARV I am estimating at $55k. Rent estimate I used was $600. The house is in worse shape than I thought so I am putting in more sweat equity than I had planned. Initial projection was 2 months on the rehab, should be pretty close to that time line.
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