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Updated almost 6 years ago on . Most recent reply
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To Partner or Not to Partner? Would love your thoughts. Thanks.
I want to employ the BRRRR strategy on Duplexes, Triplexes or Quads to start as opposed to SFRs (but I may start with SFRs) and want to initially limit the use of my own cash to about $50K/deal. Using HML for the balance of the purchase price and rehab I'm looking at a purchase price of around $210K:
Purchase price: $210K - HML
Rehab: $40K - HML (assuming $10K/unit on a Quad)
Down Payment: $50K - My Cash (20% of total HML)
Unfortunately, in the various markets I'm looking at, I'm not finding what I'm looking for in this price range. So, do I bring in a partner (which can sometimes lead to a whole different set of issues) and go after larger purchase price deals or do I start with lower priced SFRs?
Thank you for your thoughts, TK