Rookie needing help??

[Jason Hodges]

We found a great property that already has a tenant. Other than the kitchen, the property is actually in pretty good shape. But in order to get my money back out of it using the BRRR method, I need to update the kitchen. Yet here is my dillema and the options in front of me.... Option 1 - don’t touch the property and cash flow $175 a month Option 2 - renovate the kitchen, raise rent $200, and cash flow $225 Option 3 - renovate, raise rent, refinance and cash flow only $50. So as you will see I do not have enough cash to do this multiple times without having to refinance and get my money back out. I have been moving towards option 3 of course, but I really don’t like not having more cash flow. However, isn’t it still worth it since I need to get my money back out? What do you recommend I do?