New investor pricing out a rehab

[Nolan Sullivan]

Hi, I'm Nolan. I'm A new investor. I brought my first rental almost 3 years ago in Georgia. I got a pretty good deal. Now I'm looking to buy another, but I have been thinking about using the BRRR strategy mostly because it would help me stretch my money a lot further. At the same time I'm nervous to jump in to a BRRR because I'm not comfortable analyzing and pricing out a rehab. Does anyone have any advice for me? I'm also looking to link up and share ideas, successes, and failures with other like minded folks.

[Benjamin Aaker]

Take a look at the property yourself first. You should be able to write up a punch list of things that you want done. Show this list to a prospective contractor. Some will not go out for a bid because the project is too small or too large or other reason. Those that are interested should be willing to walk through the property with you.