BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated 9 months ago, 02/27/2024
Choosing the right market to start
Hello,
I am looking to choose a market to start diving into. As I know it takes quite a lot of work to set up a BRRRR operation I would like to start by picking one market to work on.
I will be working out of California so it would be ideal if it was closer to California so I can easily go out to the area as much as possible.
I have been reading a lot of people talking about Ohio, but I also know someone who has found a lot of success in the outskirts of Dallas (which is a bit closer to California). The person working out of Dallas has been able to actually do full BRRR with a full cash out refinance on his deals.
Would like to get honest opinions on where I should get myself looking- as specific as possible as far as towns.
Important: I am looking to get into houses in the budget of at least 200-300K. I wouldn't want to get involved in anything cheaper.
So an ideal would be to get something for $250-300K put 50-75K in rehab and get a house thats 350-500K.
Thank you