Absolutely crucial step before you embark on a BRRRR project - know the numbers, especially on the financing side of the equation and then let the numbers determine if its "worth it" or not.I also second @Greg Scott here, you probably need a new mortgage officer, ideally one that specializes in BRRRR deals which is typically more on the hard money / nonQM side than a bank or conventional path

Hey Danzic,Congrats on passing the exam and embarking on your new career!

You are in the right place to assist you in gaining a tremendous amount of knowledge on whatever path of investing you decide to embark upon! 

With the finishing touches coming to an end and list day very *fingers crossed* closely approaching us I would love to step back from this and get some concrete systems in place.I've embarked on two wholesale campaigns on my own and am loving it - the exposure to seeing houses, judging offers/repairs/ARVs, negotiations, and so much more has been an experience i cannot put a cost to. 

Get a feasibility study done - might cost you $20,000 or more but it will be well worth it.Op ex for a new building might be 40% but will vary on services and amenities.The real question is: Would you embark on a $10M or more project (exclusive of land and infrastructure) based on BP advice you paid nothing for from someone you don’t know?

You all have been invaluable resources for us as we’ve begun the process of investing in our first property and we hope to connect with some of you as we embark on this exciting journey.

Since rate hikes began roughly 12 months ago, the FED has raised rates nearly 500 basis points from near ZERO and embarked on a substantial quantitative tightening cycle essentially reducing the amount of capital available and increasing the cost of that capital. 

I am embarking in my first investment property and while it's daunting, it's also exciting.

Hi folks,Long time lurker, first time poster here on the BP forums.I’m an investor who lives in the Traverse City, MI area and am looking to connect with all of you in this northern neck of the woods. hey I’m actively embarking on a few exciting deals in the area, and currently am looking to gain more property history on an off-market deal.

But I think everyone embarking on this should have a copy of Renovation to start from, now in its fifth edition.