First BRRRR analysis
Hi all, I am new to BRRRR. Do you think this is OK deal or not?
PP: 150k.
rehab estimate; 40-50k
ARV: 230-250k
Rent potential: 1700 per month
DFW is a hot market and hard to find good deal.
If total cash in (purchasing and rehab) is 200k, with ARV 240k, I think I can refi 180k (75%) after regab. I will end up leaving 20k.
I think this property also has some appreciation potential as well and want to hold it.
What do you think?