BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated almost 3 years ago,
BRRRR Adding the most appraised value???
I do understand the the brrrr concept as a whole. This is the concept that does interest me the most. What I like about it most is the quick equity gain right away which I think is superior to just buying a ready to rent property.
I just closed on a home the I intend to use the brrrr method. Hoping to get most of my money out but will be fine leaving some in the deal.
The question that I have for some of your experienced brrrr investors is what will add the most value when you go get the property appraised for refinance?
Are you looking mostly into comps in the same neighborhood when evaluating a deal and seeing if a deal would work?
I know other then adding extra bedrooms, bathrooms, or increasing square footage what else do you do to increase value.
From your experience do appraisers really care about when appraising your property?