[Calc Review] New to BRRRR, please help me analyze this deal

[Greg Teamann]

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I have been primarily looking at buy and hold deals with minimial repairs needed, but a foreclosure came to market this week that I am looking to BRRRR. I was pretty consertative with the numbers, any guidance on the BRRRR costs/returns or dealing with foreclosures would be appreciated as I am doing a crash course to analyze this property - bids have to be in by 5pm tomorrow and don't want to miss a potential opportunity.

[Lee Ripma]

Okay so you buy it with cash and then you do minimal repairs, rent it out, and refi. Your 15 months to refi seems long, why 15 months? Just being conservative? You don't seem to be gaining a ton of equity or getting high cash on cash returns-which is what I look for in my BRRRR deals. Maybe this is a great property in a great area but if you flipped it you'd lose money after you paid commissions. So to me there isn't quite enough of a gain for the risk. Do you know if the property is tenant occupied? Do you know there are no major structural problems or other big-ticket items? I don't really know your market so it's hard to evaluate but those are just some thoughts based on the info presented.