BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated 4 months ago, 09/08/2024
Exploring BRRRR in Cincinnati: Realistic Expectations and Potential Challenges?
Hello BiggerPockets Community,
I'm Seth, based out of North Bend, Ohio. As someone who spends a majority of time at work, I'm currently in the exploration phase of understanding the real estate landscape, particularly the BRRRR strategy, and how it might fit into my lifestyle and commitments.
1. Initial Investment: I have an available capital of $80,000. For seasoned investors in Cincinnati, what does this realistically allow me to consider, if thinking about the BRRRR method or other strategies?
2. Market Suitability: Are there certain parts of Cincinnati or property types that might be more challenging for a BRRRR approach, especially for someone with limited time?
3. Potential Challenges: Given my tight schedule, what are the common pitfalls or hurdles that could arise in managing a BRRRR process or any other investment strategy in the local area?
I'm not yet decided on my investment journey's direction, but I truly value insights from those who've been in the field. Any feedback or advice would be greatly appreciated.
Thanks for the guidance and hope to learn a lot from this community.Warm regards, Seth Baumgartner