BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated about 2 years ago on . Most recent reply
Is 100k a realistic starting amount?
I've been renting out my previous main residence and next year I plant to sell it. I should net about 100k and I'm wondering If this is enough to start a BRRRR type strategy in Denver
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It depends on the cost of the property and the extent of the rehab but I think $100k should be plenty for your first project, especially if the lender you go with gives you solid LTV and pays for most if not all of your rehab costs.