Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 7 years ago,
First time BRRRR help
I am new to Bigger Pockets and new to BRRRR. I am looking at a 3bed/2br 1600 sq ft short sale property in Richmond, VA that looks to be a good deal. Asking price is $89,500. I am estimating a $20k rehab/update budget with an after-rehab value of $150k. Rent should be $1200. Running an analysis with the BP calculator shows a +$350 cash flow.
Can anyone advise to the best way to find money for this BRRRR? Is this a discussion board or a marketplace question? (I am not familiar with posting to BP.) What should I be looking at that when I am considering making my offer?
Thanks for any guidance or advice you can give a first timer.