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Updated over 4 years ago on . Most recent reply

User Stats

9
Posts
3
Votes
Michael C.
  • New to Real Estate
  • Cincinnati, OH
3
Votes |
9
Posts

BRRR question in cincinnati

Michael C.
  • New to Real Estate
  • Cincinnati, OH
Posted

Hey everybody, would this deal make sense for the BRRR method.

Would it make sense to buy a home for 65,000$ that needs 15,000$ to repair(rough estimate). The ARV is $130,000. The average rental in the area is 1,200$-1,300$.

I am just getting started in real estate and would like to make sure I’m not a starting out on a bad foot. Any advice would be greatly appreciated. When I did the math in my head it seemed like it would make sense but a little expert advice would be huge for me! 

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