How much cash do I need to BRRR in Birmingham Alabama?

[Account Closed]

Hello Birmingham BP members! We’ve been stockpiling money for the last 6 month getting ready to buy in Birmingham. I’ve got $23,000 saved so far. I was planning on putting 25% down on something close to rent ready for my first one. Since we’re saving money faster than I expected, I’m thinking of maybe waiting a few months longer until I have the money to pay cash and BRRR. Could I realistically BRRR with say $50,000? Also, what neighborhoods are best for the BRRR strategy? I’ve been looking at Hueytown, Eastlake, Midfield, and Centerpoint. Although, I hear Centerpoint is getting saturated.

[Caleb Heimsoth]

Jonathan Hulen I’m not sure to your question but if you read my new book “how to invest in real estate with lots of money and zero debt” you’ll find the answer.

If that doesn’t help, I can give you the seminar training method for only 50k! What a steal.

Joking aside, if Birmingham is similar to Memphis (where I own) cost wise and as a market as a whole, you probably are looking at 20-30k rehab. That number seems pretty standard for a 3 br 2 bath 1100-1400 square foot house. The acquisition and ARV could vary a lot