My 1st invest prop. 4plex BRRR needs everything. Am I in to deep?

[Joseph Bezjak]

I’m looking at a 4/5 plex. have the money to get into it. I’d go to a PML for the rehab. I’ve gotten 2 quotes from GC’s. It’s a complete gut and remodel. Need: foundation work, new roof, hvac, water, electric, structure work. I want to live in it and work on it along side GC. I have construction experience. Am I over my head? Am I crazy? Haha. Im 30 and single. Good work ethic. Good attitude.

[Joe Villeneuve]

Originally posted by @Kathy Cooper:

I echo Joe Villeneuve's reply. I don't know if you should do this or not, but not knowing the numbers is very careless with your hard earned cash. Become great with estimates, in detail. You can end up loosing alot of money if you're not careful, in fact, it's almost a given. Crunch the numbers properly then decide. If they are good, go for it!

To be fair, I assume he did run the numbers...he just didn't list them, and that is more important info needed to answer his question than what he did give us.