BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated 12 months ago on . Most recent reply
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
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Quote from @Account Closed:
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
If you're more than 2hrs away it essentially is the same thing. It can be better to force yourself to not visit the properties so you can create your systems accordingly.
Ohio has great markets of Columbus, Dayton, Cleveland, Cincinnati where you can find cash flow and appreciation. Columbus OH fits your requests of 200-300k pp.
- Marc Rice
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- 614-363-2787