Saving Capital for BRRRR investment

[Jeremy Salo]

Some background; myself and two friends have decided to go in on an investment together. We plan on saving up 15k each by July 1st of 2022. My question is, is this a good ballpark financial goal to get us through our first BRRRR? We have experience in rehab surrounding us, but no experience ourselves and we plan on doing all the rehab ourselves. Location is just north of Minneapolis mn.

[Daniel Anshus]

@Jeremy Salo if you are looking to use hard money to rehab the property then this might be enough. But if you’re looking to buy a property conventionally and rehab it then no. @Sean Blomquist is a local hard money lender. Would be a good person to speak with to start