Updated about 11 hours ago on . Most recent reply
First BRRRR: Seeking Advice
Hi everyone, I would really appreciate some input/advice on my first BRRRR investment property. I have been advised that the BRRRR method makes the most sense with the specific property I am looking into. I would really appreciate any general advice, main things to look out for, or anything you wish you knew when you purchased your first BRRRR property. Thanks!
A few details for reference on the property I am looking into:
- It is a duplex with 1300sqft total and a listing price of $180k ($90k/unit). Each unit has a detached garage. Window AC cooled. Built in 1945
- It is three blocks from the local downtown area, on a dead end, and right next to a beautiful walking trail
- The current owner lives in one side and rents the other for $1000/month. It would also be my main residency if I were to purchase the property.
- Post rehab it is fair to say the property would be appraised in the range of $210-$230k