Completing first closing w/BRRRR

[Christopher Whitten]

Need suggestion!

I will be closing on my 1st Investment property this week in Texas. I am successfully working through the BRRRR method and the pieces are slowly coming together. I am in process of lining up contractors to complete rehab/renovations to begin as soon possible after I close.. the only problem is there is already a tenant in the property who is currently renting until November.

1. How should I go about completing renovations such as pier & beam foundation repair, and kitchen remodels? Tenant is only paying $1000, but I need to raise the rent to $1500..