the income approach is a better, more appropriate method and should be used along with comps if comps are used at all.do you know your projected noi and the prevailing cap rates for the area? 

I'm looking for agents to work with to buy my first real estate property using BRRR method. 

Gross rent is $1750 for all three units, and it has an unfinished basement that is plumbed and can eventually be converted to a fourth unit.

Purchase price: $275,000 Sale price: $465,000 Was able to refinance the condo I previously purchased (using the BRRRR method), in the same building, and do a private deal with an owner down the hall from my unit.

Kari,The two methods I have used,1.

My HVAC/plumbing contractor said the mechanicals were sound.I'm not very handy.  

@j Scott Say you own a plumbing company .

Is there plumbing rough ins already or do you have to rough in the plumbing? 

Im trying to buy my second rental but given the current market I want to make sure Im not going to be over paying for a property since im using the BRRR method.

I live in the Comox Valley but have been investing in both Victoria and Comox Valley for the past 7 years, condo and multi-family, naturally fallen into the BRRRR and house hacking methods, looking forward to adding more to my portfolio in 2022.Just wanted to start a new forum for anyone who might have questions about real estate opportunities on the island!