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Updated 18 days ago,
How to Form First Core Four (BRRRR Team)
Hello, I want to move forward in forming my first BRRRR team here in the Upper Peninsula of Michigan but I'm not quite sure where to start.
I've seen a few foreclosed properties around my area for less than $50k in neighborhoods where it would appear that if these homes were really fixed up they could ARV for $120k (or more). So from my newbie perspective a 75% all in of ARV appears realistic but I need to get some experts on my team to run the numbers and get things moving.
For capital I could use 90-100k of my own cash, so who should I contact first to begin building this whole BRRRR team? I mean in general what sort of expert should I try finding first, but if someone has specific people in mind who deal with the UP that works for me too. I'm looking in Marquette County.
Thanks!