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Updated over 3 years ago on . Most recent reply
BRRRR investing with $100k
Is it possible to get into BRRRR investing with $100k savings? If so what markets can you get into with this budget?
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#5 All Forums Contributor
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#5 All Forums Contributor
- Real Estate Broker
- Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
Originally posted by @Canesha Edwards:
@Jennifer Arena
Hello Jennifer-
This is a loaded question. Depending on the market you may be able to accomplish this. You should look to purchase a home that needs only cosmetic fixes. I would say consider the Cleveland, OH market. I don’t personally invest here, but I receive deals all the time in this market that may fit what you’re looking to do.
Best,
Canesha
Yea $100k is a pretty healthy budget for Cleveland. If that's a market you are thinking about jumping in you'll want to check out The Ultimate Guide to Grading Cleveland Neighborhoods to see what levels of risk you'll be dealing with.