Dazed and confused on buying my first rental - Help!

[David Kolesnikow]

Hi Everyone,

I'm about to take the big leap and buy my first rental property and I've ran into a problem. You see, I would like to buy a single-family home to rent out. However, I am torn between making it a straight rental or use the BRRRR strategy, live in it for 12-18 months while I fix it up, refinance it and then rent it out. I signed up for Bigger Pockets Pro and calculated my numbers to see if they work out for me going forward or are they just bad deals.

I am going to start looking at properties to buy this weekend and was wondering if anyone would like to take a look at a few reports I’ve done.  I would love to know if there is some or plenty of mistakes in my calculations, or am I just not knowing what I am doing.  Just let me know and I would be glad to send you links to two properties I evaluated and currently looking at.  Any help or criticisms would be greatly appreciated.

Thanks!

Regards,

David