Need assistance with SFR BRRRR

[Lynn Anthony]

Hi everyone!

Newbie here trying to take action! I am currently on the search for a single family to BRRRR. We have a realtor and a property mgt company lined up. However, we are trying to find a house that does not need a total major overhaul just so we can get our feet wet so to speak and our realtor informed us that painting, putting in granite countertops, tile in bathrooms, laminate wood flooring throughout the house and painting the cabinets does not add value to the house where we could BRRRR it. She informed us the best way would be to add a bathroom or bedroom where you add square footage. I wanted to clarify with experienced investors on here if this was really true? We only have our HELOC and we got approved for a conventional loan as well. Any advice would be greatly appreciated!