Updated over 5 years ago on . Most recent reply
Good BRRRR markets for under $80k
I have an $82k HELOC and wanting to start out of state BRRRR. What are some good markets for this? I was thinking Ohio, Texas, or Florida, but I've been warned that Florida might be too expensive right now. Thanks in advance!!!
Most Popular Reply
There are several markets in the midwest where you could do this. The bigger question is, where do you have the connections to complete and manage this of investment?
I just completed a BRRRR on Friday in Omaha where we bought a SFR for $68K, put $5K into it by adding a couple closets, painting and replacing a stove. It rented for $995, it appraised for $100K, and we did an 85% LTV cash out refi.