Sold the home to two women in my Women's Real Estate Investors Network (WREIN) that are currently renovating it.

Purchase price: $273,000 Cash invested: $60,000 Sale price: $375,000 Purchased the property with a "subject to" agreement, did a cosmetic renovation, cleared outstanding condo dues, and resold the property.

Because Chicago is amazing in the sense that it has prices at all levels and tons of old inventory in need of renovation (if you want to renovate).Networking in person was the biggest help for me to get started. 

I'm particularly passionate about cash flowing for financial independence and renovating with my construction experience.Outside of real estate, I enjoy fishing, ultimate frisbee, skiing.Excited to learn and connect with you all!

The key to a BRRRR is buying deeply discounted properties and/or adding significant value through renovation.

As many of you know, Assembly Bill 968 will take effect on July 1, 2024, mandating flippers of residential properties to disclose recent repairs and renovations if they sell within 18 months of acquisition.

These areas not only feature affordable purchase prices for many investors but also offer turnkey homes—either newly constructed or fully renovated—ready for tenants.

@Beruk LessaneworkRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

Fortunately, we both work remotely, so we decided to move into one unit and renovate it for Airbnb while keeping tenants in the other.

Memphis investors, is it realistic to expect deals where I can buy a SFH for $100,000, spend $40,000 on renovations, and then have it appraised for $170,000+?