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Updated almost 6 years ago on . Most recent reply

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34
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18
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Garrett Gatton
  • Real Estate Agent
  • Lima, OH
18
Votes |
34
Posts

How much did you save up for your first BRRRR?

Garrett Gatton
  • Real Estate Agent
  • Lima, OH
Posted

I'm excited to start investing and I am looking to BRRRR my first property in a lower income market of about 40,000-60,000 people. I was wondering how much you saved up for your first BRRRR for a 1-4 unit?

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2,953
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4,475
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Alexander Felice
  • Guy with Great Hair
  • Austin, TX
4,475
Votes |
2,953
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Alexander Felice
  • Guy with Great Hair
  • Austin, TX
Replied

I had saved up 71K and paid 68K all-in for my first rental.

It appraised at 105K and I refinanced 100% of my funds out, repeated the process ~7 times. 

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