Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
BRRRR - Buy, Rehab, Rent, Refinance, Repeat
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 5 years ago on . Most recent reply

User Stats

156
Posts
91
Votes
Erica Larence-Penna
  • Attorney
  • Rhode Island
91
Votes |
156
Posts

How big of a rehab would you take on for your first BRRRR?

Erica Larence-Penna
  • Attorney
  • Rhode Island
Posted

We are currently under contract on what will be our first BRRRR deal. We own a 4-unit already that is slowly being rehabbed. We had the inspection today and had a contractor come out and there are foundational issues that we were not aware of, so the total cost of the project will now be between $25,000-$30,000 rather than the $10,000 we were anticipating. The rest of the rehab is mostly cosmetic. We are going to try to renegotiate price. We have also had our eyes on a few more deals that seems to will require much more renovation than this one, but my question is how big of a rehab would you take on if you're just starting out with the BRRRR strategy? We are investing out of state.

Loading replies...