Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
BRRRR - Buy, Rehab, Rent, Refinance, Repeat
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 2 years ago on . Most recent reply

User Stats

1
Posts
0
Votes
Richard Dimery
0
Votes |
1
Posts

Help Finding My First BRRRR

Richard Dimery
Posted

I'm brand new to real estate and am hoping someone could share their thoughts as to whether this property could be a viable BRRRR. It's listed at 130k, and the property directly across the street has a Zestimate of 173 k.  I've heard remodeling a single master bathroom might run 10 to 15k, so I roughly extrapolate perhaps... 60 k in rehab on this property (not counting any major repairs like roof/HVAC/foundation, etc.).  Granted, my rehab estimate may be way, way off... but 190 k invested to end up with a 173 k property doesn't seem like a viable BRRRR!  Would I simply offer far below asking (like... offer 80 k?), or walk away from this potential deal altogether?  Thanks in advance for any advice. 

Potential BRRRR Property:

Property Directly Across Street:

Loading replies...