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BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated over 1 year ago on . Most recent reply

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Mike Schorah
  • Rental Property Investor
190
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What’s your Maximum Allowable Offer for a BRRRR with cosmetic rehab in this market?

Mike Schorah
  • Rental Property Investor
Posted

50 cents on the dollar? 60 cents on the dollar? 70 cents on the dollar?

And are you in a low-demand, low-appreciation market or a high-demand, high-appreciation market?

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Evan Polaski
#5 Multi-Family and Apartment Investing Contributor
  • Cincinnati, OH
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Evan Polaski
#5 Multi-Family and Apartment Investing Contributor
  • Cincinnati, OH
Replied

@Mike Schorah, I am not following the question.  What dollar are you comparing to?  

50 cents on the dollar of asking price? 50 cents on the dollar of ARV?

And what is cosmetic rehab?  I get you are likely not referring to foundation or mechanical issues, but are roof, gutters, windows, siding cosmetic?  What about exterior concrete that is crumbling?  To me that is both structural and cosmetic.

The point being, I don't think you will get an answer here, let alone one that will be of any value to you.  

For me, I want to make 20% on my money, and at least $50k for any flip.  That is about the only formula I use.  Everything else is itemized out.

  • Evan Polaski
  • [email protected]
  • 513-638-9799
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