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All Forum Posts by: Martin Lindsay

Martin Lindsay has started 10 posts and replied 73 times.

Post: What do you categorize as BRRR potential?

Martin Lindsay
Posted
  • Investor
  • Charlotte, NC
  • Posts 77
  • Votes 41

I know a lot of what most investors see as a potential BRRR is determined by ARV and how big the rehab will be, but what I'm wondering is where do you draw the line for what might be a BRRR vs. what could be just a buy and hold rental?

A typical example would be finding a property that isn’t exactly distressed enough to need a large rehab, but instead is outdated, in need of a good cleanup maybe simple landscaping, and just general TLC?

My question is what do you all identify as red flags and green lights to help point you in either direction? Thanks!

Post: Thought FL was warm? BRRR, it's chillier than you thought :)

Martin Lindsay
Posted
  • Investor
  • Charlotte, NC
  • Posts 77
  • Votes 41

Great job Erica! Seemed fairly straightforward and dare I say, easy? Just for my clarification unless I missed something can you break down the cash involved? Did the 16k include your down payment or was that simply rehab costs out of pocket? Thanks again for sharing!

Post: Tenant begged me to sell my house to him.

Martin Lindsay
Posted
  • Investor
  • Charlotte, NC
  • Posts 77
  • Votes 41

I agree with some of the previous posts. If you have a motivated and able buyer, that's a good opportunity to investigate further into your options. The way I see it, at some point you will find another deal worth investing in and will need funding for. If this home has already increased in value and you have someone who loves the property enough to pay, it's kind of a blessing in disguise.

I would start searching for the next investment opportunity that will give YOU motivation to sell and use the money you've made on it and now you'll have one less step of finding a good buyer.