Rehab cost overrun is where most BRRRR investors and flippers go wrong.

Most investors will do a 2nd on their primary and use the funds to purchase an investment property or rehab an existing investment property.

We have found it for number years so the value of the property has went up plus I did an extensive rehab.I owe about 215 not counting the last rehab that was about 60 K out of pocket.

We do not provide rehab or construction loans.

I could be wrong or out of line, but I feel like this is a field where you really need some good expertise/experience to know how to address the variety of crazy situations that will come up.

You are dealing with your first eviction/rehab but if that happens again in 6 months and it takes months to evict will that financially stress you?

I'm not that familiar with the county and most well rehabbed properties are coming up in Dundalk and Essex.I used to live in Patterson Park and those areas were considered problematic.

From there it is really just a matter of determining comps, cost to rehab a property, and your timeline.I have helped several investors flip their first home in Austin and learn how to do it effectively.

As you can imagine, the area was rough, and the property was sold to me "as is" with plenty of troubles to explore once the rehab began.

Huge difference when you are rehabbing or managing a place.