Looking for some feedback on my deal analysis
I am a new investor and looking to get started using Brandon's BRRRR strategy to generate monthly cash flow while still being able to pull my money back out to roll into more deals. I am in the Centreville, VA area and I am looking at the Manassas and Woodbridge areas as my possible starting points. I found this property on Zillow tonight and in the spirit of taking action, decided to run the BRRRR analysis for it to see if it would be a good candidate. Being so new to this game, I would love any feedback from more experienced investors, particularly anyone investing in the Northern Virginia area. Please point out any areas you feel I may have overlooked.
Off the top, I planned to replace the main level flooring with laminate or engineered hardwood and replace the kitchen counter top and sink. It appeared that the windows looked fairly new but the siding does look dated. Any thoughts on changing the flooring in the whole house given the small square footage?
Thanks for any help with this analysis!