I budget about $8,000 per room, so getting everything thrown in to start is a good way to save some money and time.

They can spot inflated ARVs, unrealistic rehab budgets, and properties that will struggle to appraise.

That said, your plan matters more than your income—make sure you have realistic rehab budgets, reserves, reliable contractors, and strong ARVs.Now is also the time to network, find mentors, and start analyzing deals.

Our place is 1350 SQ FT and we are already over budget.

But for the next year, we really need to be budget conscious as the previous management company threw money away (it truly is astonishing). 

Share your buy box, target ZIPs, and budget so they can move fast.

You can get 70% - 80% of the equity plus the rehab budget wrapped up in a bridge loan for 12 months with no PPP. 

BRRRR is a powerful strategy, especially if you stay disciplined on buy box, rehab budget, and refinance terms.

They are never taught about things that matter like budgeting, taxes, retirement, investments, business etc. 

What is the purchase price and expected reno budget?