What to look for when prospecting for BRRRR properties?

[Jaylan Bailey]

Any insight on the topic is welcomed and appreciated.

[Kenneth Garrett]

@Jaylan Bailey

Your looking for distressed properties where during the rehab process you can force the equity.  During the refinance process you can get all of your money back out.  My goal is to get all my money back or at least in the next 18-24 months.  Anytime you can add value and get a better return that’s the game.

I try to find properties where roofing and siding are in decent condition.  That alone could cost $15-$20K.  Kitchens and baths provide the biggest return.  If you can find two bedroom homes that are at least 1000 square feet and you can concert to a third bedroom that’s a $15,000 return.

Good Luck.