Are you thinking of getting into BRRRRs (rehabing, refinancing and then renting out)?

With no RE background and a full time job I was still able to create the right entity I needed, develop a powerful tax strategy, found a partner to invest with, and about to close on a rehab where we will both make $25k+.

We have already sent three handymen to her unit over the years to address her repeated complaints about heating.

What are you planning on doing for rehab?

If they are off-market, you can share a lot without the address and it should be fine.

Addressing criticism about high rental rates in gentrifying neighborhoods requires empathy and transparency.

Were there any unexpected hurdles during the rehab or resale process?

Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

Depending on the cash flow and your FICO, you should be looking at 75% or 80% (80% will have a significantly higher rate than the 75% but depending on your strategy could be worth looking at) of the new as-is value that you can get to pay off the rehab loan and get some cash back to go after your next property.I'd recommend looking at some of the BRRRR articles that have been written in the BP forums for some additional info on this process.

Many of the buyers rehab the property and live there for years.