BRRRR Renovation Numbers
Ohhh this is exciting! My first question on the forums (be gentle)! So I searched but didn't come up with an answer so I'm sorry if this has been addressed already. I'm looking to use BRRRR as my investment strategy and I'm a little lost when it comes to where you would get your numbers from for what and how much to renovate. I know every property will most likely need different things done to it, but are there general things that you should always do to a property to raise it's value? Is there a good list of general costs involved for different fixes (ie: new roof, new siding, paint jobs, kitchen remodel, etc etc)?
The reason I'm asking is because I'm a little lost about how to factor all this in when analyzing a property. I'm sure this will all become easier with time and practice.