Common BRRRR Mistakes?

[Peter Hogan]

Hi everyone! I'm getting ready to tackle my very first BRRRR and I wanted to see if the community could share some common mistakes to avoid? I have only purchased turnkey properties in the past and I'm looking to learn from this amazing community what some of the common pitfalls are that I should avoid. Thanks for your input, and happy BRRRR'ing!

[Andrew Syrios]

Most common mistake by far IMO is not budgeting enough for rehab. It almost always costs more (and takes longer) than you think. So be diligent when putting together a scope and add in a contingency to make space for unforeseen issues.