But a refi is not the worst if rates come down and you use that equity for another asset with a good return. 

@William Taylor so many options...Use your RE knowledge to: WholesaleFind rental deals to sell to investors locally or here on BPStart leveraging your personal contacts to build your sales businessFind a motivated seller willing to do seller financing:- Move in worst room or basement, rent out all the other rooms for max cashflow- You could even live in the basement and STR the rest of the house

You will gain experience with each project so don't let set backs discourage you but always try and learn from any mistakes.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.

Often, buyers will make the mistake of selecting an already themed home that looks ok in the real estate listing.

Another popular option is Avail, which provides tenant screening along with other property management features.As for common mistakes, one big one is not having a clear set of criteria before starting.

Along the way, we see so many folks make mistakes that they need to get amended and that can take years to finally recoup all of the money lost from paying to much. 

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.DM us if you’d like to discuss this logical approach in greater detail!

ARV and Rehab costs are where BRRRR investors tend to make mistakes the most.