Would this brrrr work?

[Cheasare Green]

Hi everyone. I just finished my first multi family deal. Super happy coming out on top with a 16% coc return. So been looking for another. Found a duplex that needs a complete rehab. I actually didn't think twice about it the first time cause it was so daunting. This atea was a bit different than my first. I had to look at it with different glasses. Ok so 250k purchase price..... anything in this area with the same specs sells for at least 400k. (Obviously in living condition) If I could acquire property for 200k rehab for 100k which means I'm in for 300k If the home appraises for 400k with 80/20 that means I could pull out 320k. That would cover purchase price and rehab with 20k in my pocket right? Still trying to completely understand the brrrr method but I think this makes sense to me. I would really appreciate any feedback guys. Thanks in advance. Chez

[Brent Coombs]

Originally posted by @Cheasare Green:

your saying that's a good thing right. And yes your correct that's what I'm saying. 

Thoughts?

If, after your build/value/rent numbers are researched well, they still come back like you're suggesting, then yes, "that's a good thing". 

$600/m extra income, for zero dollars left in the deal? Who WOULDN'T want that? Cheers...