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Updated over 2 years ago,

User Stats

6
Posts
13
Votes
Azu Lee
13
Votes |
6
Posts

I'm Just starting out. Experienced BRRR'er.

Azu Lee
Posted

Hi Everyone, 

I'm just starting out and reading lots of real-estate books/podcasts/courses (or anything that I can get my hands on) to really be financially free.

The issue that I have is that since I'm just starting, I don't have any experience nor connection. I am really into BRRRR method, but it seems like Seattle's home prices are too high to be having any cash-flow from this method. The flipping also seems like a bad choice since the home prices are not rising at a fast rate. There are so many more questions so I will lay them out here, but ultimately I would like to get any advice for the people that already done this before and getting over the initial hump.

1. Is BRRRR method right way to go given current market conditions?

2. If anyone who has experience could spare time to chat about their experience in BRRRR in these market(virtually or any Seattle area)

3. Any tips on finding contractor estimates before buying the property

4. Initial cost to start out? (how much should I save before starting the flip/BRRRR)

5. Knowing what to look for in a fixer-upper houses calculate cost of repair and ARV exactly (or closest to real numbers)

5. Any other tips for newbies like me?

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