This will give you one critical piece of information, that it may take X days to get an offer and sell, and the second item will give you what your competition is right now.

Tips for Finding an Experienced Mortgage BrokerNot all mortgage brokers are created equal, so choosing the right one is critical to your success.

Tailor these amounts to the significance of the task; for example:Roofer: $1,000/day (critical to weatherproof the site).Painter or garage door installer: $100–$200/day.Contract Value & Payment Terms:Agreed payment amount (lump sum or itemized costs).Breakdown of payment terms:Deposits.Progress draws.Retainage (if applicable).Scope of Work:Be as detailed as possible.

I think it's a bad investment.

Similarly, if you put several Class D tenants in a Class A 4-plex, what do you think will happen to the property?

Timing is critical.

There are some area I don’t think will ever gentrify even in the north side.  

To me, that is extremely critical.

While I would have built $150,000 in equity, the cash flow simply doesn’t work.Now, let’s compare this to the market conditions when BRRRR was highly promoted (pre-2020).Interest Rate: 4.75%Monthly Payment: $3,057/monthRent: $3,600/monthIn this scenario, I’d be making over $500/month with $23,000 left in the deal, resulting in a gross 26% cash-on-cash return—an excellent deal.As you can see, rates and prices play a critical role in the viability of the BRRRR strategy.

Some guys I work with were getting 90% advance rates in Houston, but I think the banks are back to 70-80% now.