All Forum Posts by: Richard Dimery

I'm brand new to real estate and am hoping someone could share their thoughts as to whether this property could be a viable BRRRR. It's listed at 130k, and the property directly across the street has a Zestimate of 173 k.  I've heard remodeling a single master bathroom might run 10 to 15k, so I roughly extrapolate perhaps... 60 k in rehab on this property (not counting any major repairs like roof/HVAC/foundation, etc.).  Granted, my rehab estimate may be way, way off... but 190 k invested to end up with a 173 k property doesn't seem like a viable BRRRR!  Would I simply offer far below asking (like... offer 80 k?), or walk away from this potential deal altogether?  Thanks in advance for any advice. 

Potential BRRRR Property:

Property Directly Across Street: