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Updated over 5 years ago on . Most recent reply

Alexander Johnson's profile image
Alexander Johnson's profile image
Alexander Johnson
  • Rental Property Investor
  • from Sioux Falls, South Dakota
  • Member since May 13, 2016
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User Stats

25
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2
Votes
Alexander Johnson's profile image
Alexander Johnson's profile image
Alexander Johnson
  • Rental Property Investor
  • from Sioux Falls, South Dakota
  • Member since May 13, 2016
Connect
Alexander Johnson
  • Rental Property Investor
  • Sioux Falls, SD
2
Votes |
25
Posts
Rehabbing & House Flipping

Brrrr with existing tenants!

Alexander Johnson
  • Rental Property Investor
  • Sioux Falls, SD
Posted

I have a deal on my plate that I’d like to brrrr but it has inherited tenants the just renewed there lease. I have yet to walk through the property with a contractor but was told it needed 6-10k in initial repairs.

It’s being offered at 100k

“Initial rehab” 10k

ARV around 150-160k

How does brrrr work with tenants already in place?

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