BRRRR newbie rehab choices

[Elias Hubbard]

I have purchased a three family rental less than a month ago. It was undervalued with little work needed (needs roofing, heating, and cosmetics).

I want to BRRRR the property but need your help on two fronts:

The house needs a new paint job on the outside: should it be painted or should it get siding?

In the bathrooms and kitchen should I go with laminate floors or tiled flooring?

A friend in the business said to spend as little money as possible on the rehab (told me to go with a paint job and laminate floors). This friend has not BRRRR'd a property.

I’m wondering if BRRRRing would allow me to spend more money (tiling and siding) on these rehab expenses because I will be able to get more value towards my loan that I can put towards my next property!

Thanks, looking forward to listening and learning to what you have to say!