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Updated 11 months ago on . Most recent reply

Eric Stugart's profile image
Eric Stugart's profile image
Eric Stugart
  • Member since Sep 19, 2019
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Eric Stugart's profile image
Eric Stugart's profile image
Eric Stugart
  • Member since Sep 19, 2019
Connect
Eric Stugart
20
Votes |
82
Posts
Rehabbing & House Flipping

Flipping and BRRRRing in Bessemer, AL

Eric Stugart
Posted

Hi, I am interested in investing in the Bessemer area of Birmingham, AL and I was wondering if fix and flips or BRRRR's work there? Is that a high crime area?

Any and all advice is appreciated, thank you!

Birmingham, Alabama
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Account Closed's profile image
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Account Closed
  • from Maine
  • Member since Dec 1, 2023
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Account Closed
  • from Maine
  • Member since Dec 1, 2023
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Account Closed
  • Maine
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Account Closed
  • Maine
Replied

Your investment objectives determine your loan type. Fix n flip is a quick turnaround interest only loan for a term of 6 to 24 months The BRRR method is used for buy, rehab, rent and repeat with a more conventional mortgage structure. Do you want to be a landlord investor? Or is the idea of a purchase to rehab and sell more appealing?

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