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Updated over 2 years ago on . Most recent reply

Essam A.'s profile image
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Essam A.
  • Investor
  • from Atlanta
  • Member since Dec 22, 2021
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Essam A.'s profile image
Essam A.'s profile image
Essam A.
  • Investor
  • from Atlanta
  • Member since Dec 22, 2021
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Essam A.
  • Investor
  • Atlanta
1
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5
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BRRRR - Buy, Rehab, Rent, Refinance, Repeat

Bbuying an Older Home or Newer Home

Essam A.
  • Investor
  • Atlanta
Posted

Hello Dears,

Should I buy those 80+ years old homes and BRRRR them?

Note: I am a new investor with a $130k budget

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Joaquin Camarasa's profile image
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Joaquin Camarasa
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  • from Springfield VA
  • Member since Oct 25, 2018
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Joaquin Camarasa
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  • from Springfield VA
  • Member since Oct 25, 2018
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Joaquin Camarasa
  • Real Estate Agent
  • Springfield VA
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Joaquin Camarasa
  • Real Estate Agent
  • Springfield VA
Replied

Depends on six factors in my opinion: 

- Knowledge on the market

- Contractor connections

- Knowledge on renovation costs and process

- Time in your hands

- Risk Tolerance

- Level of stress you are willing to take

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