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Updated almost 6 years ago,

User Stats

9
Posts
3
Votes
Michael Tighe
  • Rental Property Investor
  • San Diego, CA
3
Votes |
9
Posts

BRRR Order of Operation

Michael Tighe
  • Rental Property Investor
  • San Diego, CA
Posted

Hey everyone,

I have identified a duplex I'd like to conduct my first BRRR on and wanted some opinions on best practices for the initial inspection process. I live out of state and will likely be buying sight unseen.

Is it best to get the inspector in first to give a general snapshot of what needs to be done and the status of the home systems?

-Or-

Is it best to start getting contractors in to provide bids?

Additionally,

I'd hate to waste a bunch of contractors time on writing up bids if the seller is not flexible. Is it better to make an offer at the price you expect to come in at to prevent this situation and test the sellers elasticity?

Thanks y'all!

Mike

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