General Real Estate Investing
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal



Real Estate Classifieds
Reviews & Feedback
Updated almost 2 years ago on . Most recent reply

Looking to get started in BRRR
Hi,
I'm a new investor looking to getting started with BRRR. I already have 2 SFH in Georgia but those were turnkey and ready to move.
I understand what BRRR is - you BUY a property, you REHAB it, you RENT it out, you go to the bank and cash-out REFI it, pay back the PML and REPEAT.
BUT, I've a couple of practical questions that I'm seeking help from the BP Community:
1. Contractor problem: I have a full-time W2 job, and won't have time to spend with a contractor on rehabbing the property. Also need great help with finding a good contractor for the same.
2. Out of state BRRRR: If it is out-of-state property, I'm not sure if I can be there until the purchase to rehab is completed
3. Tools to find deals: I'd like to have access to properties with detailed numbers. For example: purchase price $100,000, rehab cost $10,000, and ARV is $160,000 or something like this. What tool you all use to find properties with numbers like this? I've heard about https://www.investorlift.com and https://www.getprivynow.com
4. Creative financing: Need more guidance on creative financing like sub-to, or seller financing where I can enter with no money down.
Thanks.