BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated over 2 years ago on . Most recent reply
First time buyer an heir property
Hello inspiring investor here, I have been educating myself on real estate for awhile even starting a real estate course, then covid hit an as a nurse I could not focus on markets, sub markets and ROI with the devastation so I stopped. I had recently before the pandemic bought my first home rural on 5 acres in a flood zone for $212 (it has appreciated) Had no idea what I was doing an because of that I overpaid and some features in the house like HVAC and pool has never function properly but it passed the inspection and I even pd extra for the pool to be inspected. so I literally bought the house and then began traveling as nurse so I'm never there. Any suggestion on how I can leverage this home to start investing . Also I have inherited two properties from my dad passing in the last month. 1 has 10,000 owed property taxes and the other has a tenant paying $700 should I BRRR these 2 properties and refinance are move in one to save. I know this is my shot into real-estate investing and I don't want to blow it in any way. Any suggestion ?