Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Innovative Strategies
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 8 years ago,

User Stats

451
Posts
234
Votes
Tim Hall
  • Flipper/Rehabber
  • Tallahassee, FL
234
Votes |
451
Posts

Any problem doing the BRRR on a gulf front property?

Tim Hall
  • Flipper/Rehabber
  • Tallahassee, FL
Posted
So I've got a killer deal on a gulf front property. The purchase price is $115,000 There's no damage to the house but the sea wall needs about $5000 spending on it and the lot itself needs around $20,000 to fill. (Because of damage from hurricane hermone) The house is on pilings and they are fine. I'd be all in for $135,000 Do you think I'd have trouble refinancing this property through a bank as I want to do vacation rentals? I've already got the insurance quote The appraised value is around $350,000 I'm only asking because I've never done a deal on the gulf. Any help would be greatly appreciated