Struggling To Find a BRRRR Deal That Makes Sense

[Lloyd Silver]

I've looked at quite a few homes in an area I'm interested in with the hopes of finding a good BRRRR deal.

I find a home that needs some serious rehab and that seems to be priced a good amount under comps. But when I run the numbers, I would need an offer accepted at 15 to 20 percent below asking to get a good return. 

What's my best action here? Do I make a bunch of low ball offers and hope one is accepted? I want to have reasonable expectations of my realtor especially since I'm out of the area and am leaning on them for extra support. 

This is my first real estate purchase. I'm happy to be patient but also don't want to waste anybody's time if this just isn't the right market. 

[Alex Zhao]

I might caution against using the BRRRR method right off the bat if you have not purchased real estate first. Finding reputable people or having to do repairs can be daunting.

If you feel confident, I would maybe make a few lowball offers, but not too many if you feel you are wasting your realtor's time.