Purchasing brrrr below assessed value

[Kevin Scott]

I really want to do the brrrr thing but it seems like the more successful outcomes come from purchasing the property well below assessed value. Am I wrong about that? I’m in upstate New York and properties don‘t appreciate fast. The only way I see this working is if the property is purchased below assessed value, the rehab is completed and the property is Re-assessed a d refinanced for the higher value. If I purchase a property at or above assessed value I don’t have much room to add value by Re roofing, re-siding, updating kitchens and baths etc. Any thoughts on that?