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BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated over 4 years ago on . Most recent reply

User Stats

5
Posts
1
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Matheus Dias
  • Contractor
  • Windermere, FL
1
Votes |
5
Posts

Buy my first property, region?

Matheus Dias
  • Contractor
  • Windermere, FL
Posted

I'm a contractor today and I will start with my first property, I'm looking for something that I can rehab hard, I'm thinking that I can make more money because I will have a cost price for the rehab.

I'm looking in Orlando area, some friends, agents, told me that this area is not good now and told me that Sarasota area is good now for a BRRRR

Anyone know any opportunity or any good area that I can buy something for 50 60k and put more money to rehab now?

Most Popular Reply

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1,071
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846
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Shawn McCormick
Pro Member
  • Realtor
  • Orlando, FL
846
Votes |
1,071
Posts
Shawn McCormick
Pro Member
  • Realtor
  • Orlando, FL
Replied

Hi @Matheus Dias. I'm in Orlando also and deals for $50-60k are way outside of Orlando, unless it a mobile home. If you are a cash buyer, some of my wholesalers have deals like that sometimes in the outlying areas, but at that price, you will be getting a small house more than likely and may not be very much room in it to make any money as a flip.

Let me know if I can be of any further help!

  • Shawn McCormick
  • Loading replies...