BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated almost 5 years ago,
Is this a good deal?
I’m in NW Indiana and I ran across a property that has some potential..
Or at least that’s how I see it. Asking price is low 20s and I’m sure it’ll require a full renovation. It’s a 3 unit 2 bedroom/1 bath and the way I’m looking at the math it should be a decent return.
My question is how do I fund it? This would be my first property. I’m looking at a buy and hold strategy because I believe the area I’m focused in is going to appreciate in value.