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BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated over 4 years ago on . Most recent reply

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Stephen Wong
  • Rental Property Investor
  • Santa Clara, CA
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Start with curb appeal or interior renovations?

Stephen Wong
  • Rental Property Investor
  • Santa Clara, CA
Posted

What’s going on everyone,

I live in Santa Clara, CA but recently purchased a home in a small town called El Mirage, AZ which is 15-mins from Glendale and 30-mins from Phoenix. Blue collar working town.

The home is no-looker by any means inside&out. Definitely needs some TLC.

I’m going to have my family rent out the home in the meantime as they are transitioning to another home in March. Then fix it up to get higher paying tenants.

The goal is to rehab, rent then refinance - for cash flow and buy another home with equity built.

My question here is: when March comes around, should I start fixing up the inside or the outside of the house first?

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Whitney Hutten
#3 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Rental Property Investor
  • Boulder, CO
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Whitney Hutten
#3 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Rental Property Investor
  • Boulder, CO
Replied

@Stephen Wong If funds are limited, I would ensure that the property is clean, organized, and somewhat appealing on the outside, then concentrate the remaining funds on the inside until you can afford more exterior upgrades.

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