What are the risks of going down this path?

Then involve a GC once you understand the scope of work.

Courtesy of the video, criteria to consider include Deal Type, Management Plan, Business Plan, Financing, Asset Class, Ownership Structure, Property Class, Location, Purchase Price, Rehab Costs, Risk Target, and ROE Targets.

Trust me; you don't want to miss those crucial dates and risk losing money or even blowing the whole deal.

This is not worth the effort and risk of owning a duplex.

Borrowing against securities is a high risk proposition.

Just a builders risk policy if you are doing an extensive rehab on the property and then a landlord dwelling policy when the property is rented.

I’m trying to familiarize myself with the area more thoroughly.it seems to have a stable increase in prices.Since I plan to live in the property initially, breaking even in the first year is my main goal. (5% down; PMI removed with renovation)However, I’m also wondering if it’s feasible to have some cash flow from such rentals, or if the risk of vacancy is high in this market.Any guidance or pointers from those experienced in this area would be greatly appreciated!

The more properties you acquire and refinance, the greater your returns can be.Potential Risks and ChallengesWhile the BRRRR strategy has great potential, it’s not without its risks:Unexpected Renovation Costs: While you may expect to rehab a property for a certain amount, surprises can arise, especially with older homes.

That will involve settling on your plan for renovating.