A lot of this concept is explained in the Keynesian Beauty Contest theory where only the top competitors get the most notoriety but the best picks are hidden in the field.

The appraiser will appraise the property in 'As-Is' condition and ARV or 'After Repair Value' as long as those are the instructions from the lender.

You won't usually find these problems/opportunities in condo's.Think of it this way: if the average retail buyer can easily get a sense of what it would take to make a property nice, it will sell for market value minus that cost.The BRRR strategy should work in any market in varying degrees, but you need to be looking at properties with more hidden potential or deeper discounts because of the defects.

101 is a good instructional tool, but it ignores important things like:1.

Now if there are hidden fees thats something that people with experience could add to the conversation because I'm not sure about that.

You also lost be because convolute, hard-to-explain deals 1) usually have some hidden flaw or flat out scam, and 2) can't be explained to a potential investor in such a way that they will be willing to partiticapte.Let me give it another try.OK, read it again.I don't see any upside to the credit partner.

They are instructed on what type of property to find and then get it in front of the buyer.

Think the old whole life insurance policies that paid a very low return on the "hidden" investment aspect, and how by purchasing term insurance seperating as the "consumerable" good and a seperate annuity (if this was the type of investment desired) your return was increased by 3-5% per year with no additional risk."

They collect the potential applicant info (Driver license) and provide them showing instructions for their scheduled time.BestBrad

You can do this for free or buy a mortgage credit report, but however you get to the what if scenario, just follow the instructions provided by the credit bureaus before you do anything else.