BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated over 1 year ago on . Most recent reply
Rental Comps Much Cheaper!
Hey there! I am new to the Real Estate Investing world and just starting out by running BRRRR deal analysis simulations and continually coming up with the same issue. My rental comps are significantly cheaper then I would be able to rent my houses for. This is assuming I buy at 80-70%, factor in for repair, Cap Ex, vacancy and property management. And I am talking $800-$1000 under. I've ran several different simulations and looked over my figures for hours and cannot see how to shave off any more expenses. Am I doing something wrong or is this just the market we are living in?
Most Popular Reply
#2 Managing Your Property Contributor
- Property Manager
- Metro Detroit
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#2 Managing Your Property Contributor
- Property Manager
- Metro Detroit
Appears you think you have to offer listing price and somehow make that number work.
Why don't you try offering a price that makes your numbers work?
Yes, you may have to write 100 offers to get one accepted, but that's why investing isn't for everyone.
- Michael Smythe
