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BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated almost 2 years ago,

User Stats

135
Posts
47
Votes
Alon A.
  • Investor
47
Votes |
135
Posts

Location of starting the BRRRR

Alon A.
  • Investor
Posted

Hey,

Im doing few posts lately to here feedback and understand what is the best route for me.

There is so many locations to invest and im struggling between few. 

I have around 150K-170K on hand to invest in any property i want.

I got approved for loans with 20% and good rates so that is not an issue.

I used to live in Austin Texas and i love Austin but i dont know if its good to invest for 1st time there.

DFW, Texas is attracting me as well and more affordable with around 200-250K houses

Jacksonville, Tampa & st pete is also interesting markets.

Columbus OH

Columbia, SC 

on other hand, there is cheaper im thinking to go with Cash Flow or with Appreciation ...

Cleveland OH, Akron OH are market with around 80K-100K houses and the rents on them are good, but the area it self its not have high appreciation rate year over year.

If i go with 250K + 50K remodeling it means i put 60K down payment but cant get $1800 -$2000 rent, so its not the best cashflow.

I need your help with what do you think in my condition is the best to do ? Im going between 6-7 different markets and im not focused, i need to build a team in one place , im spending ton of time about searching and searching more and more

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