Updated over 7 years ago on . Most recent reply
BRRRR Underwriting Peer Review!
*This link comes directly from our calculators, based on information input by the member who posted.
Hi BP!
I'm eager to put an offer on this deal, but want to practice some caution with the underwriting before I jump the gun. It appears at first glance that this market simply isn't a BRRR market.
Offering $795,000 for a 3 bd 2 bth when comps are coming in at $950,000-1050000 in the LA County area. I think one of two things are taking place:
1) Rents in this area aren't strong enough.
2) I'm miscalculating some numbers.
Eager to hear your thoughts.
Many thanks!!