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Updated over 5 years ago,
Can you use the brrrr method on a semi turn key property?
Hi all, first post here..
Im in the process of closing on a house in Richmond VA, the inside of the house is already completely renovated. I have tenants ready to move in towards the end of the year and I'd be positive in cash flow. There's not much rehab that I can do besides turning a half bath to a full bath or adding an additional room. I could also add a deck and or patio where as the lot is a decent size for the area.. I'm still waiting for the house to get appraised.
Would I still be able to use the brrrr method or should I just focus on having tenants covering the mortgage and then some?