Purchase price: $220,000 Cash invested: $51,000 I originally purchased this house as my primary residence during the pandemic with the goal of renovating it while keeping the charm of the original features.

It really depends on your personal goals and resources.I have personally used the BRRRR strategy on all but my first purchase and it has allowed me to scale faster than I would have been able to otherwise.

I originally purchased this house as my primary residence during the pandemic with the goal of renovating it while keeping the charm of the original features.

Once you're ready, create a goal (e.g.

Hi Virnisha, I think the question to ask yourself is whether you are going into this with the goal of coming out on the other side with more immediate capital (fix and flip) or if you are interested in holding onto it long term, but not having immediate access to the capital (long term rental). 

A common rebuttal to this is that some people think your time is better spent managing the deals and rehabs instead of spending time doing the repairs yourself (which I don't disagree with), but I believe if you get your hands dirty at least once you will be a much better BRRRR practitioner- able to see where profits can be made and corners can be cut. 

It’s important to figure out your goals and objectives, and then that will ultimately give you a few areas that you can narrow it down to.

If it's a really competitive market, or maybe in this rural area it's more common to have outdoor equipment, does it impact your ability to get a good price?

These are usually small things, like a slow leaky toilet, some loose handles in the kitchen, maybe the shower diverter isn't working well (we have very hard water here so its common).While this is rather/sort of embarrassing, I THINK bBy getting them fixed quickly it actually shows that I a landlord that intends to maintain my properties and provide at least a decent place for my tenants to live.To save a bit of money, I change out the locksets on the door myself. 

How has your goal progressed with purchasing a 30+ unit multi family building?