All Forum Posts by: Derek Eberly

We are looking at a specific property to potentially BRRRR. This would potentially be our first property using this strategy. We are looking to buy from the owner without realtors. Is it normal/has anyone gotten appraisals on a property when interested in a potential BRRRR property? How can we accurately asses the current and small rehab value add with limited experience in that specific area?

Thanks for your help.

@Tony Robinson Thanks for sharing your experience.  Looks like a great deal that will give you great momentum into the next deal. The rehab looks great as well! I have a few questions for you:

Did you get your GC(s) to give an estimate of the project before you make an offer or was this estimate done by you and 
your agent?

Did you get the bank to give you their ARV on the house before you made the offer as well?

What extra checks did the bank make you go through in order to fund 100% of purchase and rehab? That seems very rare in my limited experience.  But also very exciting that you were able to utilize this funding.

Thanks again for sharing!