I am from Brooklyn,NY looking to acquire my first rental property.

Most people calculate an after rehab value before acquiring a potential BRRRR, after rehab is complete and the property is rented out then if the ARV is accurate it is possible to immediately refinance the property.

I just walked a property where the owner wanted what they bought it for two years ago so I knew it was going to need some work... well, after the walkthrough, it was deemed a complete rehab down to studs including floor joist repair, crawlspace remediation, HVAC replace, etc.

Just like a defaulted car loan seizure (eviction) is the remedy, unlike for real property which would require foreclosure.I don't think equitable interest plays a role, both books made it sound like the beneficial interest was the sole focus.

If the home is not worth the note value, your best bet is to try to acquire it through a short sale from the current owner.

This example was taken from a previous post, but it was several years old so i though I would post it hereLet's say they invested $100,000 which acquired 5% of the equity.

Hello All-I'm looking for a rockstar realtor who works with investors in the Grand Rapids/West Michigan area to help me find and acquire BRRRRs.Any suggestions?

Looking to hear from others who have successfully dealt with the mold issue - how you remediated it, how much it cost, does mold come back etc.

Given what I know it needs without even seeing it, though (new roof, fascia repairs, animal control, new boilers, lead and asbestos remediation, oil tank removal--and that's without knowing anything about it structurally or cosmetically on the inside), I'm guessing I would have to put in roughly $100k in rehab.

I’m a relatively newer investor with only acquiring my first 3 properties in 2021, but my first investment was through a turnkey company called Rent to Retirement.