BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated over 2 years ago,
Defining the Deal - Investment Criteria
What makes a good deal?
I intend on investing BRRRR style in MA. I've run a few analyses on the BP calculators and have learned that high cash flow and the 70% rule are hard numbers to get to. I know these are guidelines, not hard rules. I am wondering though, in the beginning, how did you define an acceptable deal? What are good ways to learn the average returns in my target market?
To actually find a deal, I am going to need to be flexible with those numbers, but do not want to go so loose that I risk losing on an investment.
What do you all think?