BRRRR Strategy Investing

[Timothy Edwards Jr]

Any tips on preparing for my first real estate deal? Ideal credit score or capital on hand? Any step by step guides for BRRRR Investing?

[Jason D.]

@Timothy Edwards Jr my first BRRRR was a full gut rehab. I relied too much on my contractor and didnt hold him accountable enough. I should have taken more control of timeline and costs. He used cheap labor for specialty trades (tile, drywall, etc....) which added time when it had to be redone. A 3 month projected reno took nearly 9 months. Other than that, it was a great learning experience, I learned a ton and I have a great tenant in place, cash flow a couple hundred a month, and have 35% equity in the property. All with about $5000 of my own cash invested.