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BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated over 2 years ago on . Most recent reply

Account Closed
  • Rental Property Investor
7
Votes |
11
Posts

Backing out of a deal

Account Closed
  • Rental Property Investor
Posted
Hey folks,

I'm new to the real-estate game, and will be starting the BRRRR process soon. Wanting to get insight from you with regards to the Rehab portion. Assuming you have an inspection on the property prior to closing, what all on the inspection report would typically be a red flag to proceed with the deal (because the rehab would likely become a money guzzler)? I've heard foundational issues on a property is a big one, but was wondering if there are other things you all typically stay away from.

Thanks!

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Eliott Elias
  • Investor
  • Austin, TX
5,557
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Eliott Elias
  • Investor
  • Austin, TX
Replied

Inspection reports are vague and are meant to release any liability form the inspector. I would get a contractor to walk the property and have them give you their input on what it takes to get the property rehabbed. 

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