First BRRR: Looking to do my 1st BRRR any feed back is welcomed!

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  • Taylor DaschBusiness Member
    Real Estate Agent · Temple, TX · Member since 2022 · 1k+ posts · 700 votes
    4y

    Be sure to get feedback from someone who is familiar with the market and has done what you plan to do. Dont expect a home run. You will gain a lot of knowledge/experience in just one deal, especially if it needs a lot of work.  Dont go too crazy over the budget just because it is your first one, after a certain point your return on investments will be nothing. The bathrooms and kitchen are the main things you should splurge on if any.  The more stuff you tear down, the more you will find wrong with the property!

    [email protected]254-718-4249
    Taylor Dasch | EG Realty560 Reviews
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  • Andy WebbPro Member
    Rental Property Investor · Carrollton, TX · Member since 2013 · 750 posts · 538 votes
    4y

    Be sure to add one more "R" to that acronym, probably the most important one of the bunch:  "Repeat"!

    Buy, Renovate, Rent, Refinance and Repeat - consistency over the long-term is what will bring you into home base and win the game.

    And what @Taylor Dasch said....

    Andy

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