First-Time Investor Seeking BRRRR Advice for Small Multi-Family in Allentown/Philly

[Arthur Tolentino]

Hey BiggerPockets community! I'm new here and about to dive into my first real estate investment. I'm looking at purchasing a small multi-family rental property in the Allentown or Philadelphia area, and I plan to use the BRRRR strategy.

I'm struggling with the best way to analyze potential properties to ensure a solid ARV and would love any advice on effective tools or methods you use. Also, what are some of the most common value-adds that can significantly boost a property's ARV?

Appreciate any tips, insights, or experiences you can share to help guide me through this process!

[Greg Kasmer]

@Arthur Tolentino - I'm in the process of finalizing a BRRRR on a quad in the Philly suburbs. I bought it last year and thus far have: 1) Appealed assessed value to bring down taxes, 2) Got better (less expensive) insurance, 2) Rehabbed 3/4 units, and 3) increased rents $300-$400 per unit along the way. Right now I'm considering refinance options to pull out some equity. The ARV on small multifamily can be a bit tricky as most appraisers will like to use the comparable approach as to an income/NOI approach typically used by larger (5+) multifamily properties. Message me and we'll connect!