I'm in the middle of a multifam BRRR. 

I see that you are in Tennessee are you in the Middle Tennessee area?

Maybe not at the pace that homes are appreciating but if you are comfortable breaking even then I say go for it. 

If you were to renovate one side for one year while living there, then move into the other side and fix that one up over a year, after 2 years you'd have a fully renovated duplex at a very reasonable pace with a place to live the entire time. 

It's in this equity increase, which usually happens at a much faster pace, where you will find your source for the needed cash for DP's...and expansion.BRRRR doesn't work fast, and actually works in reverse. 

If every property is presented a low cime areas and B to B+ neighborhoods, but you see run-down areas and clearly blue collar, low to middle income areas, then you know that something is not right and you are being "sold" rather than being led.  

This was a half-finished subdivision from the late 80s with middle to upper-middle class homes - the residents had a lien against the former developer who went bankrupt and left the road in state of disrepair (never done the correct way)...so 10 years bankrupt...I bought it from the town for backtaxes and agreement to build new road.3.

Purchase price: $414,000 Cash invested: $75,000 The Camel on Main is a converted storefront in the middle of downtown Winston Salem, NC.

Hello everyone, I have a weird scenario that I have been really wrestling with lately.I am in the middle of buying a home and the appraisal came back $40k under my offer.

In Miami's fast-paced market, every moment counts, and those who act swiftly stand to reap the rewards.Inventory & Supply: Despite fluctuations, the active inventory sees a slight dip of 2.7%, maintaining equilibrium with a 4.4-month supply.