BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated almost 2 years ago on . Most recent reply
Defining scope for Live in BRRRR/ house hack
Hey all, i am planning to do my next house hack and looking for some value add opportunities in the property, Me and my wife have demanding full time jobs and dont want to take on a very big scope of work, What are some of the rehab options that are easier to do and some things to avoid especially for first rehab.
The goal with overall process is to buy a house with a low down payment (5%) and spend 2-3% of property value to increase rents and refinance out of PMI
The market we are in is : SF Bay area/ Fremont
Most Popular Reply
Just reading the BRRR book again... David mentions that larger remodels and bigger scopes of work are the best for the BRRR strategy in order to build more equity. Light rehabs dont produce the best results for BRRR strategy.
He talks alot of putting on new roofs as that project scares other people away - yet increases the value of the home significantly. Also you get the most bang for your buck doing kitchens and bathroom remodels. Putting on additions if you can - or finishing basements or attics into livable space.