Advice on how to calculate and buy first BRRRR property.

[Joshua Sun]

Hey everyone,

My fiance and I have one rental property in Kansas City already, and are in the process of saving for our first BRRRR deal this coming year in the same area.

We've read David Green's BRRRR book, googling, and listen in on podcasts and reading content, but would like to see if anyone on here who have done a lot of BRRRRs, have advice for us while we save.

We will be using all of our own money to finance the purchase, and rehab. We have a great real estate agent already, a bank that will refinance it for us, solid property management and amazing inspector. We are looking to find a great contracter / team next, since our first investment property didn't require a ton of repairs after, we never used one. 

We will be doing it all out of state.

Thanks ahead of time, and any advice, videos, tips or books/sites recommendations to read is appreciated! 

[Kevin Coco-Senyszyn]

I recommend you lean on your network and your property management team to ensure success. Make sure your property management team is experienced in working with investors and is aligned with your goals. They should be able to help you find the right contractor or team to work with, as well as help manage the day-to-day responsibilities of your rental property. 

Make sure you flesh out the rest of your team as well. A good hard money lender won't let you fail because they won't let you buy unless the deal makes sense. Good investor-friendly lenders, realtors, and property managers will also have other connections you need like wholesalers, contractors, or insurance brokers.