BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated almost 5 years ago,
New Investor In Binghamton, NY
Hi Bigger Pockets Community,
I am looking to invest in a multi family in Binghamton, NY. I would like to cash out refi once the rehab is complete. Currently, I am having a hard time finding comps so I can assess a possible ARV or even where I need to be in my offer. What I am noticing is are properties that are not rehabbed and those prices are slightly higher than this seller's asking price. This will be my first investment using the BRRRR strategy, so I want to get this right. Besides speaking with an agent, how can I find better comps? Also, how can I assess how much value I am adding to the property during the rehab?