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Updated over 3 years ago,
My first Investment property deal
I have a property that i found that i want to do a BRRRR on, it has:
ARV: 135000
Selling for: 47000
Rough estimate repairs: 35000-45000
the rent in the area ranges from 600 to 1200
i used the BRRRR calculator and the property has good return on investment.
i just have the too much excitement almost like its too good to be true. Going to search for preapproval on a loan today, the property is a long distance away which makes me nervous because i cant actually see it.
Any advice? I know that im more excited than nervous!
Thank you all for reading this and qill appreciate any feedback.