All Forum Posts by: Zack Crouse

First of all I apologize for potentially asking a silly question. So I'm interested in buying a single family 3/2. I want to use the BRRRR method but can't seem to make the numbers work and think I may be doing something wrong. The house is 50K, Rehab cost 35K, and the ARV is $120,000 conservatively. Rent in the area for similar homes runs at $1,200 a month. Property taxes $1,000 a year and insurance is around $70 a month. I want to gain all my investment back with the refi. Is there a way to work these numbers to have a positive cash flow? Any help would be great!

Greetings,

My name is Zack Crouse and I was born and raised in Pittsburgh, PA. I currently live in Cape Coral, FL and work as a fire fighter / paramedic. I've been intrigued with real estate for as long as I can remember but was never in the position to get started, or simply did not know how. I feel like I am in the right position in life to start with my first rental. I am looking to do the BRRRR method and have all of my rentals in the Pittsburgh area. I plan on retiring from the fire department in 6 years and moving my family back to Pittsburgh. My goal is to have 10 rentals by the time we move. Any help or advice would be greatly appreciated!