Skip to content

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
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

User Stats

36
Posts
9
Votes
Cedrick Givens
9
Votes |
36
Posts

I thought I had a BRRRR...

Cedrick Givens
Posted

Hello BP community! I'm a rookie investor in a small city, currently In the rehab stage of what I thought would be my first BRRRR(single family). After underestimating the rehab I have limited funds left to complete the job(kitchen, washer, dryer and flooring) costing around $25k-30k..I purchased the property for $3500, rehab cost so far $34,589=$38,089 ARV 80k. It'll rent for $800 - expenses unknown yet because my question.... is a loan irrational thinking? Or is taking a year to save for remainder better option ? Brutal honesty please

Loading replies...