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Updated over 6 years ago on . Most recent reply

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9
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0
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Scott Armantrout
  • Rental Property Investor
  • Arlington, TN
0
Votes |
9
Posts

BRRRR strategy; how damaged is too damaged

Scott Armantrout
  • Rental Property Investor
  • Arlington, TN
Posted

I’ve found a couple homes that appear to have water damage. One looks to be a leaking roof despite it being a reasonably newer home. The ceiling is falling in in one spot and moisture seems to have create a mold problem, locally around the leak. Most of the house appears to be in decent shape. Fixture and appliance updates, and some basic landscaping are the bulk of projects outside of that damage. Is this getting too deep into a rehab budget to make brrrr work?

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235
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151
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Joseph A.
  • New Rochelle, NY
151
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235
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Joseph A.
  • New Rochelle, NY
Replied

Sounds like an easier fix than the project I have starting next week, I have a duplex where the walls are down to the studs in one unit and both kitchens are missing. As long as your numbers work you'll be fine.

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