BRRRR - Buy, Rehab, Rent, Refinance, Repeat
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal


Real Estate Classifieds
Reviews & Feedback
Updated about 5 years ago on . Most recent reply

Out of State BRRRR Markets $80-100K ARV
After acquiring a couple of turnkey SFR's I have come to the realization that I need to transition to the BRRRR model in order to meet my goals. I have established a few criteria and would appreciate constructive feedback and connections to markets that meet the criteria. Financially, I will be bringing $30-40K cash and up to $30K available on a HELOC.
Act Fast Criteria:
- -Buy & Rehab for less than $60K and <70%ARV
- -Located in a market with direct flights from SLC for less than $200: Phoenix, AZ; Atlanta, GA; Reno, NV; Kansas City, KS; St Louis, MO; New Orleans, LA; Oklahoma City, OK; Tucson, AZ
- -Sum of GreatSchools Rating >9
- -Rent to Cost>2%
- -Low Crime in immediate and surrounding neighborhoods
Take a 2nd look criteria:
- -Buy & Rehab for less than $60K and <80%ARV
- -Sum of GreatSchools Rating 6-9
- -Rent to Cost >1%
- -Low Crime in the immediate neighborhood. Moderate in surrounding areas.
Most Popular Reply

- Lender
- Fort Worth, TX
- 6,316
- Votes |
- 7,926
- Posts
@Ben Crosby I don't know how realistic these goals are going to be. Having ANY rentals in a "9" rated school zone with low crime in neighborhood and surrounding neighborhoods with $100k of value and a 2% rent rate would be unheard of....I mean, you would be lucky to just have ONE of those attributes in a rental property. These are rental properties. Not properties that you would target as your primary home. Remember, people who rent....are ALREADY renting in some junky apartment in a terrible neighborhood (I'm exaggerating...but maybe not). The fact they might be able to rent a reasonable home in that same neighborhood is a HUGE up-sell to that person. There are plenty of hard working people that have jobs and that pay on time that need to rent a home. Remember - rental properties. So usually, a lower value rental property is a good choice. But don't expect the school zone to be great and the crime rate to be low. There are plenty of REALLY successful people that just invest in mobile homes (ever heard of Warren Buffett?) and those neighborhoods don't have such a great reputation either.
The 2nd level of criteria you have is more realistic but again, I think just having ONE of those elements will be pretty good. I hope this makes sense how I am describing it.