How do you do research for a BRRRR investment ?

[Mike Mutabazi]

Hello Bigger Pockets family

A newbie question here , How do you determine if an area is a good investment for a bigger AVR or rental. Here is a scenario I’m basing my question on.

I have a couple of properties I have been looking at in Cleveland and Columbus that area that are around 65k. But not sure how to determine if they are going to rent after renovations or if I can get section 8 there. How do I determine if the the AVR is going to go up if I put money in ? I'm trying to do my first BRRRR.

[Robert Ellis]

Quote from @Mike Mutabazi:

Hello Bigger Pockets family

A newbie question here , How do you determine if an area is a good investment for a bigger AVR or rental. Here is a scenario I’m basing my question on.

I have a couple of properties I have been looking at in Cleveland and Columbus that area that are around 65k. But not sure how to determine if they are going to rent after renovations or if I can get section 8 there. How do I determine if the the AVR is going to go up if I put money in ? I'm trying to do my first BRRRR.

columbus you'll be buying trailers if you are in Franklin county, some rare smaller ones but most of that is smaller markets like Newark, Mansfield, etc where there is lots of upside still and markets are going through massive changes in a good way. I wouldn't touch Cleveland personally it can't and shouldn't' be compared from an ARV potential it's a cash flow market strictly. you can't do the strategy you are talking about when the average home is more than 60 years old in Cleveland and sells for $120k or less. hard to change those economics. I'd look at Dayton over Cleveland it has the second highest price of resale out of all the ohio markets than columbus.