What to look for when buying a BRRRR SFH ?????

[Stephen Foltin]

Hello all,

I am currently looking for a house in South Charlotte area that I can fix up, refinance then rent out. I want some kind of fixer upper but don't exactly know what to look for as far as location, price, and amount needed to fix up. What are some of the keys things I should consider when buying a fixer upper that will be refinanced then rented out?

Thanks!!!

Stephen

[Abel Curiel]

Originally posted by @Stephen Foltin:

Hello all,

I am currently looking for a house in South Charlotte area that I can fix up, refinance then rent out. I want some kind of fixer upper but don't exactly know what to look for as far as location, price, and amount needed to fix up. What are some of the keys things I should consider when buying a fixer upper that will be refinanced then rented out?

Thanks!!!

Stephen

Hello Stephen,

After Repair Value (ARV) You want to know what the property will be worth after renovations.

You'll also need a professional to estimate renovation costs (GC, subcontractor, etc).