Getting Prepped for BRRRR!!

[AJ Satcher]

Hi all! 

I bought my first owner occupied property in April to get a feel of home ownership. Now, I think its time to step it up a notch. We have saved a good chunk of dollars since buying our first home and for our next investment, we really would like to scale using BRRRR.

I have a target date (April 2023) to have a deal under contract and begin that process. In the meantime, we (wife and I) are still saving and educating ourselves daily to be prepared when our time comes. This is absolutely nerve wrecking but we are committed! 

Any pointers for my first BRRRR? I'd also like to take this opportunity to build relationships with any lenders, agents, wholesalers, contractors, since you will all be KEY to our success! I'm in the ATL metro area but also willing to look at other markets as well!

[Eliott Elias]

Make sure you're conservative on your ARV. Market is weird now and who knows what your property will appraise for in 6 months, probably not the same as today. I'd shave off 20%