We’re currently living in it as a house hack, and it’s been a introduction to real estate investing so far.As a next step, I’m interested in pursuing a BRRRR deal or potentially a flip.

The property has strong fundamentals (roof, HVAC, and water heater are in good shape) but it hasn’t been cosmetically updated since original build.The plan would be a full renovation: kitchen, both baths, flooring, fixtures, and potentially some layout modification to bring it in line with nearby renovated comps.I’m hoping to acquire with a VA loan (assuming appraisal and any lead-based paint concerns clear) and budget approximately $150k for renovation (plus contingency).

Most of my customers are looking for distressed properties with potential for a flip.

With a shared driveway in Connecticut, it’s usually cleaner if the landlord handles snow removal.If you leave it to tenants, you risk confusion (“I thought they were doing it”), uneven clearing, and potential liability if someone slips.

Rental potential looks decent too – comps suggest $900–$1,100/mo for similar 2 beds, which could make for solid cashflow if held.

Upgrades include:Brand new 50-year Roof ($25,000)Brand new HVAC system ($15,000)Brand new Water Heater ($3,000)Upgraded Attic Insulation ($8,000)Value-Add Potential:For an investor looking to force appreciation or increase the yield even further, there is plenty of upside left on the table:Garage Conversion: Ready to be converted into an additional rentable room.ADU Potential: The backyard has plenty of space to easily accommodate an ADU.The High-Level Numbers:(Using a 5% vacancy rate)Gross Potential Annual Income: $71,100 ($5,925/mo)Vacancy Rate Applied: 5% (-$3,555/yr)Effective Gross Income: $67,545Annual Expenses: $14,000Net Operating Income (NOI): $53,545Cap Rate: 7.65%(Note: Historically, for 11 years, I’ve operated near 100% occupancy and netted $5,000+ monthly, but I want to present realistic investor projections).Financing Scenario (20% Down):Because I know the first question will be about debt, here is what it looks like with a mortgage:Purchase Price: $699,950Down Payment (20%): $139,990Loan Amount: $559,960Estimated Rate: 6.75% (30-Year Fixed Investment)Monthly P&I: ~$3,632Net Cash Flow (after debt & expenses): ~$831 / monthCash-on-Cash Return: ~7.1%Positive cash flow with debt in California is hard to come by right now, especially with the major CapEx items already handled.Would love your thoughts - and if anyone in the network is currently looking, let me know!

It sounds like an awesome avenue in today's market, but the key is finding the right seller who is willing to let you assume the loan.Also, I am potentially selling one of my buildings that has a 4% interest rate.

Hey Erin, It's hard to give the best path forward with out knowing a little more of the behind the scenes info as in : What is you're equity position in the property, are you self managing..ect..Are you aware of the current sales price value and potential profit to be realized? 

.✔ Solid construction (early 2000s)✔ Strong rental demand✔ Immediate income potential✔ Long-term hold in a growing areaThis is the type of small multifamily asset I love adding to the portfolio.As both a realtor and an active investor who manages my own properties, I’m always looking for opportunities like this.📩 If you're looking to buy, sell, or invest in Miami real estate, feel free to reach out.

I'm not comfortable putting the details here but was wondering if there is someone out there, experienced in investing,  who might be able to mentor me through the situation (within this website, not externally).   Th...